Offers customised products to grow wealth through systematic investments in financial assets on its digital platform
Bengaluru, NFAPost: Scripbox, India’s leading online investment service that simplifies wealth management, has announced its international foray to target NRIs especially in the UAE and Singapore. It has introduced new curated products for NRIs on its digital platform that offers a simplified experience to help make and realise informed investment decisions. The company’s announcement is in line with its overall product diversification strategy to offer investors in India and overseas with financial plans that align with their long term goals.
“Scripbox has enjoyed the trust of NRIs on its platform organically so far. We recognise the rising demand from this segment who have an unfulfilled need for structured wealth creation in India through systematic investing in financial assets. Covid has heightened the need for better financial planning and diversity in the investment portfolio. Indian equity markets have delivered strong returns in the last two decades and outperformed many peers. Scripbox provides NRIs a hassle-free way to tap this opportunity for growth and diversification of their wealth. With a focused approach now on this segment, we will be able to serve NRIs with a tailored experience and curated products. As a leading technology-led service, we offer all our users advice to action in one place so that they don’t have to look beyond, for their investment needs”, said Atul Shinghal, Founder and CEO of Scripbox.
Scripbox has launched many ‘first of its kind’ features to make it simple for NRIs to register on its digital platform and start their investment journey. In addition to providing access to qualified wealth managers, it has introduced 100 percent paperless onboarding, new KYC and status change from Resident Indian (RI) to Non Resident Indian (NRIs), support for PIOs, OCIs and Mariners.
The company has introduced new products that are specially designed for the NRI community based on their needs and preferences, allowing them to seamlessly address their global wealth diversification requirements. Scripbox’s offerings for the NRI community are customised to meet the fund availability criteria for its customers. The Wealth Edge plan, for example, which is available to non-US based NRIs provides them with an opportunity to invest in US equity, in addition to Indian equities. The Smart Transfer Plan, which is coming soon to NRIs in the United States, allows them to make equity investments in India where they have the option of transferring large sums of money and still choose to invest in a phased manner, thereby saving on money transfer costs. Other plans such as the Principal Protection and Growth Plan, Retirement Planner and Global Education for Children are all customisable to the NRI community as well.
Scripbox, led by Atul Shinghal, Co-Founder and CEO and Sanjiv Singhal, Co-Founder and Chief Product Officer is an online investment service that simplifies wealth management. Founded in 2012, Scripbox is a leader in the online financial services space.
Scripbox was the first to launch algorithmic investing in India (2012) and is recognised for creating simple and elegant user experiences in a complex field like personal finance. Scripbox uses proprietary algorithms to deliver a holistic view of investments, as well as personalised recommendations for better outcomes.
Scripbox has been recognised as the 2nd most influential financial services brand globally by LinkedIn and has received the Financial Express’ Best Bank Award.