Your favourite investment service, Scripbox is now in a position to address the needs of NRIs, especially in the UAE and Singapore. NRI Investors from the US and Canada can invest too. We have brought our curated offerings and a simplified experience to help them make, and realise informed investment decisions.
We recognise the rising demand from NRIs who have an unfulfilled need for structured wealth creation in India through systematic investing in financial assets. The Covid-19 pandemic has heightened the need for better financial planning and diversity in the investment portfolio. Indian equity markets have delivered strong growth in the last two decades and outperformed many peers.
We provide NRIs with a hassle-free way to tap this opportunity for growth and diversification of their wealth. Our intention is to be able to serve NRIs with a tailored experience and curated products. For NRIs, same as the existing investors with Scripbox, we can offer recommendations to action in one place so that investors don’t have to look beyond, for their investment needs.
The benefits and features specific to NRIs include:
1. 100 per cent paperless onboarding,
2. New KYC and status change from Resident Indian (RI) to Non-Resident Indian (NRIs)
3. Support for PIOs, OCIs and Mariners.
We now offer new products that are specially designed for the NRI community based on their needs and preferences, allowing them to seamlessly address their global wealth diversification requirements. Scripbox’s offerings for the NRI community are customised to meet the fund availability criteria for its customers.
The Wealth Edge plan, for example, which is available to non-US based NRIs provides them with an opportunity to invest in US equity, in addition to Indian equities.
The Smart Transfer Plan, which is coming soon to NRIs in the United States, allows them to make equity investments in India where they have the option of transferring large sums of money and still choose to invest in a phased manner, thereby saving on money transfer costs. Other plans such as the Principal Protection and Growth Plan, Retirement Planner and Global Education for Children are all customisable to the NRI community as well.
If you know an NRI in your family or friend circle and believe Scripbox can be helpful for them, do let them know!
Here are some news articles that covered this development at Scripbox: