Scripbox, online investment service for wealth management, has launched its new Principal Protection and Growth Plan for investors who want to grow their wealth while prioritising safety. Scripbox is India’s first online investment platform to offer a Principal Protection Plan with zero lock-in option.
The newly launched Principal Protection and Growth plan first invests the principal amount in top liquid funds, and then automatically shifts the earnings i.e. growth amount of these funds into index funds every month. The Plan provides risk mitigation and liquidity with the principal in liquid funds, and growth through the earnings of liquid funds invested in index funds, allowing users to take advantage of compounding.
“Covid-19 has heightened the need for better financial planning. With other investment instruments such as FDs, real estate for example offering sub-par returns, mutual funds provide better growth options over a longer period. Our new Principal Protection and Growth Plan offers customers an alternative to financial instruments such as FDs as is designed to best protect the principal, taking into account any manner in which equity markets fare during economic downturns. However, our customers also benefit from the advantage of compounding, as their gains get invested in index funds on a monthly basis. This launch is in line with our philosophy to help our customers in wealth creation in a hassle-free way to meet their financial goals,” said Prateek Mehta, Co-Founder of Scripbox.