Who is the owner of Scripbox?
Table of Contents
Who is the owner of Scripbox?
Atul Shinghal
Scripbox
| Type | Private |
|---|---|
| Founded | Bengaluru, India (2012) |
| Headquarters | Bengaluru, Karnataka , India |
| Key people | Atul Shinghal (Founder & CEO), Sanjiv Singhal (Founder & COO) |
| Services | Wealth Management |
What is Scripbox?
Scripbox is a friendly investment service. We help you to invest in the algorithmically selected best mutual funds to grow your money, and meet your life goals. Our customers like our simplicity and our focus on their wealth accumulation.
Is Scripbox a startup?
The Bengaluru-based fintech startup was founded in 2012 by Atul Singhal and Sanjiv Singhal. Using algorithms and data, Scripbox helps retail investors buy and sell mutual funds and other financial instruments.
How does Scripbox earn?
We earn a small fee from the mutual fund companies for the additional services we provide to our investors. The amount of commission earned by Scripbox is available on the Disclosures page of our website. We don’t charge any fees to our customers. There are no hidden charges.
Is Scripbox SEBI registered?
As per the SEBI regulations we are registered under AMFI. However, we are regulated as per the SEBI’s guidance.
Is it safe to invest in Scripbox?
The mutual funds are held in your name and all the details are available to you. So in case something happens to Scripbox, you can deal directly with the mutual fund company. It may not be as easy as doing it via Scripbox but your investments are completely safe.
Is Scripbox any good?
Their service is extremely good. They choose the Mutual funds for You. Investing is very simple. However if you are new to Mutual Funds and do not have a Goal for investment Scrip Box is not for you.
Is Scripbox safe to invest?
What if Scripbox shuts down?
When you invest your money through Scripbox, it goes into mutual funds and when you withdraw it comes directly back into your bank account. It never goes into our bank account. The mutual funds are held in your name and all the details are available to you.
How many customers does Scripbox have?
At present, Scripbox has close to 70,000 active customers who have made average investments of Rs 7 lakh through the instruments offered by the platform. By 2025, the company looks to scale its total user base to 200,000, Shinghal told ET.
How does Scripbox earn money?
Is Scripbox good for investing?
Why should I invest through Scripbox? Unbiased recommendations, a single view of your investments, automated performance tracking, timely alerts for course corrections, easy investment process, tax efficient withdrawals. There’s more, but do ask our customers, we have a retention rate of 95%. We really are good people!
How safe is Scripbox?
You can be assured that it is absolutely safe to invest in mutual funds through Scripbox.
Can Scripbox be trusted?
Is Scripbox a good investment?
Choose Scrip Box For Mutual Funds Their service is extremely good. They choose the Mutual funds for You. Investing is very simple. However if you are new to Mutual Funds and do not have a Goal for investment Scrip Box is not for you.
How much does Scripbox cost?
Commission Rates
| AMC Name | Equity funds | Debt funds |
|---|---|---|
| PPFAS Asset Management Pvt. Ltd. | 0.75% | 0.10% |
| Principal Asset Management Company Private Limited | 0.40%-1.70% | 0.07%-1.30% |
| Quantum Asset Management Company Private Limited | 0.10%-0.60% | 0.10%-0.75% |
| SBI Funds Management Private Limited | 0.35%-1.45% | 0.05%-1.30% |
Is Scripbox direct or regular?
A Direct plan is what you buy directly from the mutual fund company (usually from their own website), whereas a Regular plan is what you buy through an advisor, broker or distributor (intermediary).
Scripbox is the name of the firm as well as the wealth management platform. The company has evolved to become a frontline player in the wealth management space, with a presence across 2440+ cities in India. In August 2019, Scripbox acquired Upwardly, a digital investment and advisory platform with a focus on mutual funds.
What is scrip?
It is also a written document that acknowledges debt. After World War I and World War II, scrip was used as “emergency money” or Notgeld in Germany and Austria . Scrip was used extensively in prisoner-of-war (POW) camps during World War II, at least in countries that complied with the Third Geneva Convention.
What do I get with a new Scripbox account?
This new account will be linked to your existing Scripbox account, and you’ll get a single dashboard that helps you make better decisions, with information and insights. Can I invest in funds other than the ones Scripbox recommends?
