News Column

Scripbox.com India Updates on Its Mutual Fund Portfolio for 2014

February 11, 2014

scripbox.com, an online mutual fund distribution company, has announced its 2014 portfolio of mutual funds for India.

Two new funds - ICICI Prudential Top 100 Fund (G) and UTI Equity Fund (G) make their way to the portfolio, while ICICI Prudential Focused Bluechip Fund (G) and Canara Robeco Equity Diversified (G) continue from the existing portfolio.

"We review our recommended mutual fund portfolio every year and ensure that only the best and consistently performing funds are selected. We provide an easy one-click way for our users to change their existing instructions to the new portfolio through our web based app." said Sanjiv Singhal, CEO of scripbox.com.

"The portfolio of mutual funds recommended by scripbox has done well in 2013 with a performance equivalent to #4 of the Top 25 funds by size; given a positive return close to the Nifty in a period when most of the Top 25 equity mutual funds have given negative returns; and performed better than 82 percent of the money invested in equity mutual funds," Sanjiv added.

Atul Shinghal, Director of scripbox.com added, "Our portfolio is technically an Index of mutual funds identified by a pre-defined set of rules. While the specific rules are confidential and proprietary to scripbox, they, in essence, incorporate investing best practices."

Co-founder and head-of-product, Ravishankar, points out the two common reasons as to why most investors end up losing money in mutual funds - and how scripbox aims to solve the issue.

#1: Making emotional investing decisions - most investors, even the experienced ones, make the mistake of making emotional investment based on brand sentiments, market timing, etc. scripbox eliminates the bias by using a complete scientific method of fund selection.

#2: Not staying invested for the long term - Mutual fund investment should be treated as a long term investment. Unless you stay invested for at least 7 years, you won't get the high returns, adds Ravishankar. scripbox helps investors stay invested for the long term through automated SIP's with direct bank account debit facility.

"We understand that users may sometimes need to withdraw the invested money sooner than planned. Our web based application makes it extremely easy for users to invest and withdraw with a single click. Our platform is completely free for users and we do not charge any per transaction fees." concludes Sanjiv.

scripbox is an online investment account that eliminates the complexities associated with investing.

More Information:

http://www.scripbox.com

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