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Product Details
Brokerage and Fees
  • No fee is charged to users for investing in mutual funds. However, it is important to understand that Scripbox only offers 'regular mutual fund schemes' and not 'direct mutual fund schemes'. Regular mutual fund schemes charge a higher expense ratio - (expense ratio is a fee which is charged by all mutual funds schemes from mutual fund investors). Regular mutual fund schemes charge a higher expense ratio because they have built-in commission for mutual fund distributors/platforms selling regular mutual fund schemes like Scripbox. 

Account Opening Fees

0

Eligibility
  • Any Indian resident can open account with ScripBox

  • Basic KYC Documents: PAN and Aadhaar card are required for investment. 

  • Bank Account: You'll need a valid bank account in your name to link to your Scripbox account.

Annual Fees

0

Scripbox
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Scripbox App Review

Special Features

Tax Optimization: Scripbox helps you with tax harvesting and provide suggestions in respect of tax saving on a regular basis. 

Features
Cons
  • That platform only offers regular mutual fund schemes which charge higher expense ratio on an annual basis. 

Pros
  • Goal Based Investment: Scripbox allows you to choose goals like foreign trip, kids' education, etc.

  • Automated Investment: Scripbox allows you to link your bank account to the app and thereafter make regular automated investments to mutual funds schemes. 

  • Investment Advisory: Scripbox utilizes algorithms and expert advice to curate mutual fund portfolios based on your financial goals and risk tolerance. This can be helpful if you're unsure about how to choose funds yourself.

  • Tax Optimization: Scripbox helps you with tax harvesting and provide suggestions in respect of tax saving on a regular basis. 

  • Clean Interface: User friendly intuitive approach. 

Pros and Cons
How to Apply?
  • Visit the Website or App:  Begin by either visiting Scripbox's website (https://scripbox.com/) or downloading their app from the App Store or Google Play.

  • Sign Up: Create a new account by providing your email address and a strong password.

  • KYC Verification:  As with most investment platforms in India, KYC (Know Your Customer) verification is mandatory. 

  • Bank Account Linking:  Link your bank account to your Scripbox account for seamless fund transfers.

Documents Required
  • Aadhaar.

  • PAN.

  • Bank account number.

Account Opening and Procedures
Scripbox

All in all, Scripbox is your personal fund management platform which helps you and your family to set and achieve their targeted financial needs and requirements. So, we may not be wrong in saying “ Scripbox is a platform which is like your “robo investment advisor”. However, the app is most of the time dysfunctional and is having worst customer support system.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
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