We have built Scripbox so that you always remain the owner of your money. The money moves directly from your bank account to your mutual fund account. We keep track of it at every step on your behalf. You can access this information at any time by accessing your Scripbox account.
The record of mutual funds held by you is kept electronically in an account (Folio) maintained by the mutual fund company. You also receive regular statements from each of the mutual fund companies.