Wealth management platform Scripbox has acquired the mutual fund distribution business of Delhi-NCR-based Bluechip Capital, as it continues to expand through partnerships with independent wealth management firms across India.
The deal will see Bluechip Capital's clients and employees transition to Scripbox, with both companies saying the move is intended to ensure continuity of service and provide a structured succession plan.
Founded more than three decades ago by Ravi Kohli, Bluechip Capital claims to have built a strong presence among investors in North India. Following the acquisition, its clients will gain access to Scripbox's institutional research capabilities, data-driven asset allocation framework and digital wealth management platform.
The transaction forms part of Scripbox's broader strategy of integrating independent wealth management businesses across the country, offering founders a succession pathway while providing clients with long-term institutional support and technology-driven investment solutions.
"When you spend years building relationships with families who trust you with their financial well-being, choosing the right partner becomes extremely important. In Scripbox, we found a partner that shares our values and commitment towards clients while bringing the institutional capabilities needed to serve them even better in the years ahead," said Ravi Kohli, Founder, Bluechip Capital.
Atul Shinghal, CEO, Scripbox, said, "Our purpose is to empower a million Indians to achieve financial freedom. India's independent wealth management business founders have spent decades building trust with their clients, and many may now be thinking about succession and continuity. We want to be the most trusted partner for that transition. When we find firms who share our commitment to putting clients first, it creates the foundation for something meaningful. Bluechip Capital is exactly that kind of firm. Ravi has built something rare - 33 years of deep trust, and we are proud to carry that forward."
Founded in 2012, Scripbox offers investment products including mutual funds, fixed deposits, US stocks, exchange-traded funds (ETFs) and the National Pension System (NPS).
Bluechip Capital was advised on the transaction by Pegasus Finserv, while Scripbox was supported by LegaLogic Consulting and Globeview Advisors LLP.