Scripbox in the news
Platforms helping working professionals to be future-ready
We live in a fast-paced where everyone needs to be updated with almost everything that improves their working condition or lifestyle.
Fintech start-ups expand investment options for non-urban users
Ease of transaction and the convenience linked with applications offered by fintech players is driving consumers from small towns to explore investment products beyond recurring or fixed deposits offered by traditional banks.
Empowering women for their financial independence
Financial literacy is an important life lesson that often goes unaddressed, or is taught very late in life and finds no mention in formal education.
Five things to discuss with your soon to retire parents
Are your parents approaching retirement? Here's how you can help them. Parents are generally not comfortable discussing their retirement plans with their children because, for them, it might mean admitting to their shortcomings or simply because they don't feel it is time to disclose their true financial worth.
Redeem your mutual fund investment via a debit card
Now, this facility is also being offered by two robo-advisory platforms-FundsIndia and Scripbox—via an HDFC Bank-issued Visa debit card
Why your money may not be growing
The possibility that your money might not grow and could actually reduce is the way most people define risk. While this is a good working definition of risk, this particular definition does not take time into account.
Simplifying equity investing to draw in newbies
New financial technology ventures are trying to draw the masses into stock market and mutual fund investing by drastically simplifying choices, and making it easier and less expensive to make transaction
Budget 2017 may hike capital gains tax on stocks: Here are the possible changes
"Mutual funds are passthrough instruments and don't get taxed for the gains made from buying and selling securities," says E.R. Ashok Kumar, Co-founder and CEO of Scripbox.com.
Child's education or retirement fund?
Office admin Chinmayi, 45, is distraught these days. The single mom has a reasonably talented daughter, who is in standard 7 and wants to be a doctor. Chinmay is thinking of saving for child's education dream.
Now, a debit card for your mutual funds
City-based Scripbox, a leading online investment service, has announced the launch of a new product, Any Time Cash, that allows customers to withdraw cash instantly from their mutual fund investment using a debit card that is issued against the investment.
In 2030, will you be able to afford your lifestyle?
We all plan for our future, our education, our career path and even our next vacation trips are pre-determined.
Investment mistakes young people make
I interact with a lot of young earners. These are men and women in the first 5-6 years of their working lives, with dreams and hopes that need money to achieve their goals.
How to deal with a financial crisis
Here are some tips by ER Ashok Kumar, CEO of Scripbox.One of the first things to do is to prioritise your expenses into necessities.
5 financial situations you should prepare for
A secure financial future is on everyone's wish list and we work hard, plan, and save to achieve our financial goals.
Is your robo-advisory platform smart enough?
Without the massive computational power required to arrive at decisions, some advisory platforms can be misleading, say experts.
The disruptive power of technology
The fund industry may have embraced machines and robots, but managing money still needs the human touch.
Scripbox, Aditya Birla Money MyUniverse eye working professionals, corporates as next big customers
Taking a leaf out of the books of international fintech start-ups such as Questis and Future Penny, online investment platforms Scripbox and Aditya Birla Money
Three online investment platforms offer tech-savvy investors convenience. Here's how
Online investment platforms offer tech-savvy investors convenience and ease of operation.
Here's why mutual funds are better than stocks
For a small fee, the investor gains from the stock-picking ability of the professional fund manager, does not have to track his portfolio and also benefits from tax exemption of portfolio gains.
Managing money while living away from home
Online platforms today not only simplify and automate the investment process but also teach you how to save and invest.
Investing mistakes young earners make
I interact with a lot of young earners. These are men and women in the first 5-6 years of their working lives, with dreams and hopes that need money to achieve.
Scripbox raises undisclosed investment in funding led by Omidyar Network
Scripbox, a Bengaluru startup that uses proprietary algorithms to automate mutual fund recommendations to retail customers, has raised an undisclosed amount in funding led by Omidyar Network.
Scripbox raises funds from Omidyar, Accel
BENGALURU: Online mutual funds platform Scripbox has raised a Series B round investment led by Ebay founder Pierre Omidyar's philanthropic investment firm Omidyar Network.
Robo-advisory: which one is for you?
What is robo-advisory? Press a key and your investment is done? Or is it pre-programmed personal financial advice? A robo-advisor is essentially an automated service that gives you advice on managing investments and even helps you buy some financial products.
Scripbox plans to reach 1,000 cities
Scripbox, an online investment platform started in Bengaluru in 2012, wants to expand its presence by reaching out to at least 1,000 cities in the future.
The nuts and bolts of Robo Advisory
A robo-advisor is essentially an online financial advisory firm that uses automation and algorithms to offer investment advice. It not only helps you choose the right investment but also provides the platform to complete the transaction and monitor the portfolio on an ongoing basis. Through the use of online tools these new breed of advisors also promise to lower costs.
Cracking the MF code
Through its algorithmic selection process, Scripbox has made investing in mutual funds a whole lot simpler for customers. While its current AUM is close to Rs. 140 crore, it aims to double this number over the next six to nine months
When investing in mutual funds, here's what you should know
Volatility and uncertainty are part and parcel of equity investing.
Expert advice: How to use investment offers effectively
Risk and return go hand in hand when it comes to investment. In this game of gamble, sometimes we get a bit confused while picking the right investment offer which suits our lifestyle and financial goals.
How To Be A Millionaire By 30
Even if you win the popular television show that claims to make you a millionaire, you'll still be short of a few thousand after tax.
Five fintech firms for DIY investors
The Bengaluru-based startup provides an algorithmic decision based on quantitative data about which mutual funds to buy. During the recommendation process, it filters decision-making by limiting choice without any human intervention.
As customers' wealth grows, revenues will naturally grow
Scripbox's Sanjiv Singhal and Ashok Kumar talk of evolution of the company, retail investor trends and how they manage to keep costs low.
How New Age Finance Is Changing India, From Saving Up For The Football World Cup To Building A Bangalore Startup
BANGALORE, India -- Shoeb Shaikh is busy planning his next globetrotting adventure to watch the FIFA World Cup live from Russia. Shaikh is saving with Scripbox, a startup that helps people invest in mutual funds, an entirely different approach to one he's taken before.
Accel, Deep Kalra invest in Scripbox
Flipkart's early investor Accel Partners and MakeMyTrip founder Deep Kalra, among others, have made a series A round of investment in financial technology startup Scripbox.
Disentangling the web
WS Ravishankar, co-founder of Scripbox.com, a platform for buying and selling mutual funds, says availing of benefits from the growth scheme also requires the investor to hold on to the funds for a longer duration as these schemes do not pay dividend but continue to grow the NAV.
Investment options to save tax
If you are at a loss on the investment options available under Section 80C of the Income Tax act, here's listing a few of them.
Personal financial startups can guide you to right investment choice
Bangalore-based ScripBox is promising to cut through the clutter of mutual funds and its investing platform is based on an algorithim that selects the best funds that are on offer.
There is not much to celebrate about REITs just yet
REITs are like mutual funds that invest in real estate. You can buy and sell your units at a day's notice—something not possible with physical real estate. This seems like a great product for the Indian market, hence there is a lot of excitement. But are REITs really as good an option?
Scripbox to keep your mutual funds safe
Since the company's launch in January 2012, it has picked up customers slowly, but steadily. Sridhar Ramanathan recently became a customer. "I think of it like investing in a recurring deposit, only putting my money in mutual funds," he says.
Invest in mutual funds while browsing the net with Scripbox.com. The website creates a virtual basket of four scientifically chosen mutual funds that have a high statistical probability of outperforming the market. After signing up, the money goes directly from your account to the fund. The creators, bankers Atul Shinghal and Sanjiv Singhal, wanted to make mutual fund investing as easy as dropping money into a piggy bank.
Investing online? 3 things to know
Scripbox, which only offers mutual funds, allows investment in a basket of up to four funds, which are pre-selected scientifically and considers only the schemes that have consistently outperformed the Nifty in the past. The performance is reviewed annually, and if the rules determine that a previously selected fund should no longer be a part of the basket, the investor is given the option to exit and invest in a revised basket or stay with the old one.
Online investing: Tips to manage your investments through portals
Do you put off investments just because it entails several trips to offices and filling up of innumerable forms? While a financial adviser can be of help, not many people have one. It can be even more challenging if you are considering investing in multiple products. It is for such people that online investment works best.
Product crack - Scripbox
In between financial planners who design a financial plan for you, taking into account your income and expenditure on one side and your mutual fund (MF) distributor who just gives you the forms of MF schemes that you want to invest in on the other side comes Scripbox.
Investors need fewer choices: Scripbox
A new online platform for buying and selling mutual funds (https://scripbox.com) has decided to keep it simple by offering just four select equity funds at a time for people to invest in. Does this approach work
Investment options made easy
Stop thinking. Start investing, is Scripbox's message as it tries to simplify the process of investing for consumers. In conversation with co-founder Sanjiv Singhal.
Finance veterans from IIM-Bangalore launch Scripbox to make investing in MFs simpler
Indians have a tendency to save but not many invest. Only 2% of Indians invest! The case is reversed in say, the US. People save less but invest the most of it. And this is where Robert Kiyosaki's "Make money work for you" philosophy comes into the picture. Thanks to inflation, money lying idle is losing its value naturally. And hence, 'invest' should be the mantra.
Now buy better performing mutual funds online with Bangalore based Scripbox
To simplify the investment process, Bangalore based Scripbox wants to break the clutter and give you a single basket of 4 scientifically selected funds. Scripbox has taken the approach of reducing the scope of the decision making itself.
Debt funds or equity funds? The right answer may be 'both'
Given the thousands of mutual funds that you can invest in, picking the right one to put your hard earned money in can be a challenging task. But even before you pick the right scheme, you must decide whether you want to invest in Equity Funds or Debt funds. The answer is different for different investors.
Short-lists help with complex investment decisions
Have you recently tried to buy a mobile phone? How long did it take you to decide which phone to buy? Chances are, even a few days are not sufficient. Log in to any e-commerce store and the simple process of buying a phone now becomes a research project in itself due to the sheer volume of choices that's available.
How customer-friendly are digital MF platforms?
Mutual funds (MFs) make money not just for investors, but for distributors/agents too. Asset management companies (AMC) paid a whopping Rs 8,533 crore to about 1,000 top MF distributors by way of commission and expenses in FY18.
5 platforms making millenials future ready
New Delhi: Millennials have been the talk of the business world in recent years. Thousands of articles have been written in an attempt to explore their needs and educate managers on how to properly manage this generation of workers.
Podcast | Digging Deeper - How to attain freedom to retire at 40
An early retirement means you won't have to waste away the best years of your life enclosed within four walls, you will be able to experience the wide world and see all it has to offer.
Money At Your Fingertips
Digitisation has reached a level where you can manage your entire financial world with clicks and taps. Here is what all you can do and how you can manage personal finance digitally.
AI disruption: Is robo-advisory a threat to financial planners?
The financial services ecosystem is witnessing a rapid technological change.
Podcast | Visualise and strategise wealth creation through ELSS funds
Prudent investments can indeed help one to build their wealth profile in the long term. Tune in to today's MoneyControl podcast to understand ELSS funds
6 mistakes that small investors make when stock market is doing well, interest rates are rising
Rohit Verma is more surprised than worried when he looks at his mutual fund statement. “The markets have gone up by almost 20% in the past one year but my mutual funds are showing losses,
Investing mistakes to avoid
Rohit verma is more surprised than worried when he looks at his mutual fund statement."The markets have gone up by almost 20 per cent in the past one year but my mutual funds are showing losses," says the Delhi based bank executive.
Why you should create a financial black box
Kolkata-based entrepreneur Sujata Sanyal’s husband was 42 when he died of a sudden cardiac arrest. She and her young son were devastated, and had to also face the turmoil of financial uncertainty.
Difference In Cost Will Be More Than Made Up Owing To Our Unbiased Fund Recommendations
For the past few years, Scripbox’s algorithm is relentlessly looking at the performance of hundreds of mutual funds. It then advises users on investment.
Save before you spend - these platforms encourage investing to grow your money
As mutual funds drive the growth of investments, these 5 wealth management startups are offering financial know-how and helping people invest in the asset class.
UPI platform to enable MF, equity transactions
Zerodha has integrated with Google Pay so customers get payment notifications on Pay and can transact with their UPI pin seamlessly.
Should you give a break to your SIP?
A lot of investors take the smart step of starting Systematic Investment Plans (SIPs) in equity mutual funds. It's a journey well begun.
Using the Internet for your financial investments
Navigating the world of personal finance can be a tough task, especially for those of us who did not grow up with the language of stocks, bonds and mutual funds.
Corporates embrace selfies for branding, speeding processes
BENGALURU: Selfies are fun, narcissistic or a mental disorder, depending on who you talk to, But guess what! They are becoming part of business operations. Some are using it to build their brands, others are finding it useful in speeding processes.
Understanding taxation in Mutual Funds investments
Just the way your salary is taxed as per the income tax slab rates, the gains you make from your mutual fund investments are also taxed but the rules are different
Are you ready for the expertise economy?
At the age of 25, Gautam Soni, who works as a business analyst at LinkedIn in Bengaluru, has already pivoted twice in his career. After graduating, he did not find a job immediately and tried his hand as a digital media consultant.