Scripbox

No Image

What is the difference between trail and upfront commission?

An upfront commission is paid to the broker or mutual fund distributor on the same month as the purchase of the mutual fund investments. A trail commission is paid every year until the investment is withdrawn. For more information on...

No Image

How is In-Person Verification (IPV) different from e-KYC?

e-KYC or electronic Know Your Customer is a process by which your identity is established electronically. Currently, Aadhar is permitted as a mechanism by which this can be done for mutual funds. Only SEBI-regulated KYC registration agencies (KRAs) such as...

No Image

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...

No Image

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 =...

No Image

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...

Practical Insights For Wealth Creation

Our weekly finance newsletter with insights you can use

Your privacy is important to us

No Image

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...

No Image

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...

No Image

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...