The mutual funds market has created a strong foundation for itself in the last few years. Its rapidly growing popularity and customer network have made it one of the best investment sectors in the market. The variety of investment plans that it offers like lumpsum investments, SIPs (Systematic Investment Plans), ultra-short term investments etc, have made this growth possible and successful. Along with this, an important role is also played by the financial companies that not only connect the interested investors to the market but also guide and help them in choosing the best mutual funds.
Scripbox is one such financial company that uses the best technologies to provide a fruitful experience to its customers. It brings the correct information related to the mutual funds market and guides its customers in making the right investment decision. With its advanced features and the right use of technology, a person can easily make a beneficial investment decision and choose from the pool of best mutual funds. Let us see how Scripbox is leveraging advanced technology to help people in making the right investment in mutual funds.
A right and reliable financial company like Scripbox can assist you in making the right investment decision. With the use of advanced technologies, Scripbox provides few exclusive tools and instruments that can be used by the investors to choose the right mutual funds. These tools can be easily accessed through the online website of Scripbox. The detailed information that is given below will help you to know how the use of technology enables you to invest in mutual funds.
Tax Saving Withdrawals
Scripbox is the first financial company that has introduced an algorithm that can help an investor in reducing the Long Term Capital Gains(LTCG) tax at the time of withdrawal. LTCG tax is a type of tax levied on equity mutual funds by the government of India. All an investor needs to do is specify the amount he is willing to withdraw. The algorithm introduced by Scripbox does the rest of the task for saving taxes. The algorithm figures out the details of your gains and losses from your existing mutual funds and then determines the amount that you must withdraw and the fund from which you should withdraw in order to save taxes. This enables you to make investments in the best possible way.
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Online Calculators
There are few online calculators that are provided by Scripbox that can help you in calculating the estimated returns from your selected mutual funds plan so that you can compare the plans and make the right investment in the best ones. This can help you to figure out the best mutual funds for yourself. The advanced technology that is used in these calculators delivers accurate results in just a few clicks. For finding best mutual funds, the two calculators that are available on the official website of Scripbox are:
Lumpsum Investment Calculator – A lump sum calculator is used to get an estimation of returns from investment in particular lumpsum investment in mutual funds.
SIP calculator – A SIP calculator gives you the estimated returns from investments in SIPs in mutual funds.
Just by entering the details of your selected plan, you can get the estimated amount of returns that you can expect from your investment. This helps a person in comparing the available options before choosing the right plan.
Automated Tax Saving
Scripbox gives the right tax-saving suggestions to its customers by automating their tax saving and management along with helping them in filing the taxes. A lot of people invest in ELSS (Equity Linked Saving Schemes) mutual funds and PFs (Provident Funds) with a basic objective of saving taxes. Scripbox uses the right technology that provides smart withdrawal options, serves you with a pre-selected portfolio of available ELSS funds and helps you in downloading the capital gains statements as well. Scripbox helps you to select from among the best mutual funds. It also provides an account rebalancing feature that helps you in balancing your funds. This feature takes the exit load and tax implications in the account and suggests ways in which one can rebalance his funds.
Family Accounts
With Scripbox, you can check and regulate the investments of all your family members. Scripbox uses technology that connects the accounts of your family members which enables a member of that family to track the performance of the entire family’s investments in mutual funds. In case any of your family members are unable to give time to track his investments, you can do so on his behalf. This helps all the family members to stay connected as well as choose the best mutual funds.
As they say, the right use of technology can do wonders in this world. Scripbox takes this mantra seriously and brings the best for its customers so that they invest their money in the best mutual funds. The convenience and time of an investor are given absolute importance and therefore, the company serves all the advanced and accurate tools to maximize the benefits of such customers. Hence, do browse the Scripbox website well and make the most of all the features so as to reap maximum benefits from your investment.
