Scripbox

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What is In-Person Verification (IPV) and why is it required?

In-Person Verification (IPV) is a regulatory requirement that needs to be completed in order to get your KYC registered.   Scripbox uses your video recording (face the camera for 5 seconds) as a way to do IPV.  While you are completing...

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What is the difference between amount invested, current value and net investment?

Amount invested is the cumulative cost of the mutual fund investment units you currently hold. Amount Invested = Units x Purchase NAV.  Current value is the current value of the mutual fund investment units you currently hold. Current Value =...

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I am the nominee for a Scripbox customer who passed away recently. How can I claim the funds in their account?

Our condolences.  Please contact us and we will assist you in claiming the amount. Once we are being notified for your loss, we will block & suspend all the upcoming investments in the customer’s account.   You need to create an Scripbox...

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I am not getting paper statements from the mutual fund companies, but I want them. How can I start getting them?

Call or e-mail us. We will create a “start receiving paper statements” letter for you and send it to you by e-mail. Please print, sign and mail (or courier) this back to us, so we can update the mutual fund...

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How do I stop receiving paper statements from the mutual fund companies?

Mutual fund companies require that this change be via a written request. Call or e-mail us. We will create a “stop receiving paper statements” letter for you and send it to you by e-mail. Please print, sign and mail (or...

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I want to withdraw my investments into a NRE account. Are there any special documents you need?

No, as long as your NRE account is registered with Scripbox, you can withdraw to it without any extra documents. In some rare situations, some mutual fund companies may ask for a bank statement of the NRE account. We will...

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Can I withdraw to a different bank account than the one I have on record with you?

No. All withdrawal proceeds will only go to the bank account on record with us. If you would like to change that bank account before you initiate the withdrawal, please contact us.

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How many days does it take for my withdrawn funds to reach my bank account?

Equity, Debt, & Conservative Hybrid Funds: You can expect to receive the money to your registered bank account within 2-4 working days once the withdrawal is processed.  Liquid Funds: You can expect to receive the money to your registered bank account...