How do I start investing?

You can create a Scripbox account by clicking on SIGN-UP and providing the data we need. This is the minimum data we require from you, in order to comply with mutual fund regulations. Once you’ve signed-up, when you can start investing depends on a few things.

a) If you’ve already done your one-time Know Your Customer (KYC) for mutual funds

Most well-known banks (e.g. SBI, ICICI, HDFC, Axis) support Net Banking for mutual funds – you can place your first investment NOW.

Most well-known bank (eg. HDFC Bank, iCICI Bank, SBI, HSBC, Deutsche bank and many more) support Debit card payment for mutual funds. (Note: CITI bank does not support Debit card payments)

You can use your UPI ID to invest in the mutual funds through Scripbox. For this, you need to have an active UPI ID and an app such as BHIM installed on your phone. (Note: CITI bank does not support UPI payments)

b) One-time KYC for first-time mutual fund investors

If you’re investing and doing the KYC process for the first time, you can upload the documents while opening your account with Scripbox. If your one-time Know Your Customer (KYC) for mutual funds is incomplete or rejected or old-KYC or under process for more than 15 days we need your signed KYC form, PAN copy and address proof copy, before you can start investing. This is a regulatory requirement. Please sign the pre-filled KYC form we’ll e-mail you, and mail it back to us along with signed copies of your PAN card and address proof. You will also need to record a short 5-second video selfie. Once we receive your documents and video, we will activate your account within 1 working day, after which you can invest using Net Banking.

c) Monthly Systematic Investment Plans (SIPs) for automated investing

If you’re investing from HDFC, ICICI or SBI, you can start monthly recurring investments by linking your bank account using internet-banking NOW

For other banks, and for banks that don’t support Net Banking for mutual funds (e.g. Citibank, HSBC, Bandhan), we’ll need you to sign and e-mail a photo of the pre-filled bank form for linking your bank account we’ll e-mail you. We do not need the hard copy. It takes 10-15 working days for most banks to approve the link, after which you can setup your monthly SIP.

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