This is second FundBox in Accelerator family. This FundBox is designed for conservative investors who desire stability and safety; at the same time expect better returns & tax efficiency than FD. Its design strategy focuses primarily on asset allocation.
Asset Allocation in this FundBox is heavy towards debt (around 56%) and also contains small equity (around 24%), Gold, and cash for diversification.
It has potential to generate returns better than FD. This FundBox is less volatile. It is less dependent on performance of share market.
This FundBox can be used for short term investment for a time frame of 3 years and above.
You can withdraw money from this FundBox at any time after investing, but preferably after completion of 3 years. There is no lock in period. You can get money in your bank in 3 to 5 working days.
Exit load differs from scheme to scheme. Few schemes may have an exit load up to 1% of the withdrawal amount. Please check the scheme details.