Why do you ask for such sensitive information?
The information we ask for is the minimum required by law to open an investment account. If you already invest in mutual funds, you will notice that this is exactly the same information that you fill up on a paper...
How do I declare FATCA-related information?
When you sign-up for the first time, you will be asked for this information. If you are an existing investor who hasn’t yet provided this information, please login to your Scripbox account and follow the “CLICK HERE” link next to...
What FATCA-related information will you collect?
We are required to collect the following information from you: For Resident Indians: Country of birth Source of income ( eg – salary/business etc.) For NRIs/PIOs: Names of countries where they pay tax The tax identification numbers for those countries (That's like...
How is Scripbox involved in FATCA?
We are collecting this information from you on behalf of the mutual funds where you invest. India has signed a reciprocal agreement with the US government to share such information about each others’ citizens. Therefore all financial institutions (such as...
I am not a US Citizen, why do I have to provide FATCA information?
India has signed a reciprocal agreement with the US government to share such information about each others’ citizens. Therefore all financial institutions (such as mutual funds) have to identify the citizenship and tax status of their investors and provide the...
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Do I need a Demat account?
No. You do not require a Demat account to invest in mutual funds. Scripbox does not open one for you either. The record of mutual funds held by you is kept electronically in an account (Folio) maintained by the mutual...
Can I move money from funds invested directly or through other brokers to funds recommended by Scripbox?
No, this is not possible. Though moving money is definitely possible - it’s moving the funds themselves which is not possible. This is because, we are unable to track purchase dates and other information for existing holdings and this breaks...
How can I transfer my existing portfolio to Scripbox?
Here are the steps to transfer your investments from your existing distributor to Scripbox. Create a Scripbox accountIf you don't have your Scripbox account, request you to create your Scripbox account. Once it is ready we will verify & activate your...