Our focus at Scripbox has always been how to make otherwise complicateddecisions and actions really easy for you.
So, we reduce the number ofoptions to just what is necessary for specific goals, make a single click process, monitor our recommendations on an ongoing basis, suggest changes based on an annual review and help you change to the new with a single click!
Over time, you may be left within one or more that are no longer part of the Scripbox recommended ; the performance of some may decline and/or you may have too many with small amounts.
So how do you declutter yourand exit poor performers?
The answer to that question is ScripboxAudit. Audit is how Scripbox helps you identify with poor prospects, exit them while minimising costs, and reinvest the amount you get into the recommended set of .
WhatAudit will do for you
1. Review your entire holding of, including those outside Scripbox.
2. Help you exit under-performers, andwith small
3. Align yourto the recommended .
We will remind you to run ScripboxAudit on your at least thrice a year – in April, August & December. If our algorithms identify that an action is required in between, we will alert you then as well.
Doing all of this manually can be quite a task, especially when you’re busy. It could take you hours just to put the information together and then take action scheme by scheme. There are also small procedural things like you can’t withdraw less than 50 units or Rs 1000 (did you know that!)
More than meets the eye
Audit also incorporates a number of nuances that you may not even be aware of:
1. You allocate theappropriately while re- so your gets balanced across the current set of .
2. You minimise the gap between withdrawal and reinvestment to minimise the time when your money is not invested.
Doing all of this manually can be quite a task, especially when you’re busy. It could take you hours just to put the information together and then take an action scheme by scheme. There are also small procedural things like you can’t withdraw less than 50 units or Rs 1000 (did you know that!)
Finally, what really happens to thethat are dropped from the recommended list?
1. We continuously monitor all, even the dropped and use a proprietary algorithm to rank all .
2. The droppedwhich are currently part of your do not feature as the top 2 in the particular asset basket like Large Cap, Mid Cap, etc. but that does not necessarily make them bad .
For instance, when ais first dropped from our recommendation list we believe you shouldn’t add new money to it, but you need not exit this , since there is a cost associated with the exit which could be in the form of exit load, loss or tax on gains.
3. We recommend an exit plan for thesekeeping in mind the exit cost as a proportion of your overall or bad performance as and when either occurs.