I have registered with Scripbox for investment. Is it safe to do so or should I go for other service providers? They are asking for bank mandate for Rs.50000 and I am worried about that.
You no need to worry as they act like agents between you and mutual fund companies. However, do remember that they provide only REGULAR FUNDS but not DIRECT FUNDS.
If you are scaring, then I suggest you to use MF Utility which is backed by AMFI and you can invest both REGULAR and DIRECT Funds at free of cost.