What is Scripbox Advisors? Scripbox Advisors Review, Features

Scripbox Advisors is an Indian online fund investment platform that provides a portfolio of eight scientifically pre-selected funds in three categories: stocks, bonds and tax-saving funds, which consumers can invest in through an online portal.

About Scripbox Advisors

Scripbox Advisors was founded in 2012 by two co-founders, Sanjiv Singhal and Atul Shinghal, who graduated from the Indian Institute of Technology. They hope to build an online mutual fund investment platform that allows users to invest in a suitable time frame and recommend the best mutual funds to users through artificial intelligence-based robot investment advisors. Users can not only choose to invest in stocks, tax-saving equity-linked savings plans (ELSS), bonds, and liquid mutual funds through systematic investment plans (SIPs), but also choose one-time investment products.

Operational Model

Scripbox uses a proprietary algorithm to look at the performance of mutual funds over a period of several years. The algorithm then shortlists candidates from more than 8,000 mutual funds and categorizes them into four categories: long-term, short-term, tax-saving, and emergency funds. These funds are audited regularly to ensure that users are investing in the best funds. Scripbox is free for investors. It charges mutual fund companies 0.1-1% of the capital invested through the Scripbox platform. Scripbox has a paperless process that facilitates transactions between users and mutual fund companies.

Function

1. Comprehensive planning

Use Scripbox's advanced tools to estimate your goals and create a personalized financial plan.

2. Choose an investment style

You can choose how you want your investments to grow -- balancing growth and risk -- and make changes along the way.

3. Track progress towards your goals

You will always know your progress.

4. Reduce risk of glide paths

As your goals are achieved, we will also recommend that you move into lower-risk investments.

Advantages

1. Flexible SIP

SIP with Scripbox is completely flexible and you can change the amount or dates at any time, even skip a month or stop it altogether.

2. Easy withdrawal

Withdrawing funds is as easy as investing.

3. Reduce taxes and burdens

Scripbox will also ensure you don't pay unnecessary loads or taxes and will show you how your actions impact your goals.

4. Insurance

Scripbox will help you determine how much insurance you need.

5. Provide the latest data

If costs are changing or inflation is rising, Scripbox will provide the latest data.

6. Re-plan

If your goals change or there are gaps, you can re-plan in a few simple steps.

Financing

-In August 2015, it received US$2.5 million in funding from Accel.

-In June 2016, it received an unknown amount of funding from Omidyar Network.

- In January 2019, ScripboxAdvisors announced that it had completed a $21.7 million (approximately 1.5125 billion Indian rupees) Series C financing, led by Accel, with participation from Omidyar Network and NLI Strategic Venture Investments Fund, as well as two angel investors. It is reported that after the completion of this round of financing, the company's valuation reached $110 million (approximately 7.752 billion Indian rupees).