Can I redeem my mutual fund investments without going through Scripbox? Can I buy more in the same folio without going through Scripbox?
YES, you can. However, these withdrawals (or investments) will not reflect in your Scripbox account unless you record our code (ARN-84967) in the space provided for ARN Code (sometimes also called ‘Broker Code’). This may also lead to transaction errors...
Can I invest in funds other than the ones you have shortlisted?
You can choose to invest in Scripbox recommended funds along with the funds of your choice. To invest in the funds of your choice, login to your Scripbox account & select the offering in which you want to invest. Once you are...
Can I invest using a cheque or cash?
No. Scripbox is an internet-only service. You can invest online through auto-debit for investing every month(SIP) or Net Banking for one-time investment only.
Can I decide the amount to be invested in each of the shortlisted mutual fund schemes?
YES, you can. You go to the "I Want to Change Funds/Amount" link on the investment screen and specify the amount to be invested in each scheme.
If I opt for investing every month, do I need to transfer money every month from my bank account?
No. Since Scripbox is already linked to your bank account, the money will be automatically transferred from your account to the respective mutual fund company.
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Is there a lock-in period for my investments?
Equity & debt funds: There is no lock-in period.You have the option to withdraw your money at any time. Tax Saver Funds (ELSS): ELSS funds have a lock-in period of 3 years.(the lowest lock-in when compared to any other tax saving investment...
What is the minimum amount to start with my investments?
Long Term Money & Short Term Money: - You can start investing with as low as Rs.1000 Tax Saver Plan: - You can start investing with as low as Rs.500 For Non-Resident Indian / Mariners / PIO not residing in India, you...
How often can I invest?
You can schedule automated monthly investments. You can also invest at any other time by accessing your Scripbox account and invest using net-banking. Tip: Scripbox provides for a monthly frequency by default. If you would like a higher frequency, twice...
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