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[reportwire]

Scripbox announces wealth management services tailored to defence personnel

Scripbox announces wealth management services tailored to defence personnel

Scripbox, a digital wealth management platform in India on Thursday announced the launch of Jai Hind, wealth management services exclusively for the country’s defence personnel. The wealth management services are tailored to the needs and aspirations of India’s defence personnel. As a token of gratitude in recognition of their service to the nation, the company is offering curated wealth…

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When it comes to investing in fixed deposits, you are assured about the safety of your investment and the fixed return on investment. However, your returns from fixed deposits are not safe from inflation. And when your returns are not beating inflation, it is time to rethink your investment strategy. With Scripbox Short Term Money, invest in debt mutual funds that are safe and provide better growth as well.

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As investors, we have an easier time remembering what happened most recently. It can hurt us when making investing decisions. Recency bias is the tendency of investors to put an emphasis on recent events and give less weight to those that have happened in the past. It skews perception toward short-term thinking and is detrimental to our financial interests in the long term. Invest with Scripbox, and don't let biases get in the way of your growth. Watch this video to see how recency bias affects your decision making in mutual funds investment.

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Mutual funds investors actively seek out and consume information that makes them feel better about their current opinions.  Confirmation bias is the tendency to seek out information that supports your beliefs and ignore information that contradicts them. This bias tends to limit our ability to make purely rational investment decisions, affecting our financial goals and growth. Invest with Scripbox, and don't let biases get in the way of your growth.

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Making money in mutual funds is not easy. It not only requires patience and discipline but also thorough research and a sound understanding of the market, among others. But plenty of investors choose the easiest way out of following the herd.  Herd mentality refers to the investor's tendency to follow and copy what other investors are doing. They are majorly influenced by emotion and instinct, rather than by their independent analysis. This strategy is bound to backfire in the long run. Invest with Scripbox, and don't let biases get in the way of your growth.

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Indian Air Force recently inducted Dassault Rafale fighter jets into its ranks. Rafale is equipped with state of the art technology. Sometimes people wonder how does the pilot manage the complexity of such a machine. But what most people don't realize though, is that not only Rafale is a better fighter machine, but its inbuilt system algorithms help the pilots to focus on their task. Needless complexity can affect the success of any mission. This is a fundamental rule that applies even to your investments. 

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In 1867, Russia sold Alaska to the U.S.A for $7.2 million ($132 million today). A mere 50 years later, the Americans had earned that amount back 100 times over. Russia negotiated a deal that was less financially beneficial for them. While selling Alaska, Russia missed on asking an important question-what am I leaving on the table? When it comes to investments, we usually look for higher returns. However, while withdrawing, we rarely ask-what am I leaving on the table? Taxes will always account for a portion of your earnings. 

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Generally, no rational investor would want to hold on to bad investments while selling the good ones. But, loss-averse investors behave irrationally and take decisions that are against their own interests. Loss aversion refers to investors' tendency to avoid a loss than to make an equivalent profit. Invest with Scripbox, and don't let biases get in the way of your growth. Watch this video to see how loss aversion can affect your decision making in mutual funds investment. For more information on mutual fund investment strategies and the best mutual funds to invest in, subscribe and stay tuned to Scripbox.