Scripbox introduces goal-oriented approach for investing

Online investment services platform Scripbox today announced the launch of a new goal-oriented approach to investing. It is designed to help consumers create wealth in a systematic manner for various life goals. With this approach, Scripbox targets 10X growth in AUM to Rs 10,000 crores in the next five years.

The last few years have seen the Indian market mature both from regulatory as well consumer awareness perspectives. An increasing number of consumers today realise that mutual funds are an important building block in achieving their financial goals. Thus, a goal-oriented approach is the logical next steps in helping Indians achieve financial well-being.

Scripbox is well known for creating simple and elegant user experiences in a complex field like personal finance. The new offerings are practical planning tools that help a consumer understand exactly what needs to be done and how they can do it. Consumers can create a personalised and guided path to achieving their goals in less than 5 minutes.

The offerings include - My First Crore, Emergency Money, Dream Planner, Tax Saver, Retire Confident, Premier Education, Global Graduate, and Child Headstart. One can plan for dream goals such as international vacations and also for longer-term goals such as their children’s children’s education and retirement.

For each goal, a consumer can estimate the inflation-adjusted future cost, choose from the recommended asset allocation, and get investment recommendations specific to them. As investors have come to expect from Scripbox, the investment recommendations are algorithmic and unbiased. The plans include a de-risking glide path by which the proportion of debt investments increases as you approach your goal.

Once the consumer gets started, they can track their progress to the goal. There is also an annual re-planning feature.