Online MF Platform Scripbox Launches App ‘Takecharge’
Online mutual fund investment platform Scripbox has launched ‘Takecharge’, an Android-based mobile app that enables users to make investment decisions, reports Shashwati Shankar. The application focuses on providing jargon-free information to help users make accurate investment decisions, determine the kind of mutual funds to invest in and will also provide annual recommendations on rebalancing their portfolio. “It isn’t easy for the end-user to pick from 8,000 mutual fund schemes, our algorithm helps them make decisions at a quicker pace and ensures least taxation upon investments, as well as provides recommendations on the right time for credit withdrawal, ”said Ashok Kumar ER, CEO at Scripbox. The mobile app is divided in to three basic sections, learn, plan and act.