It is common for Indian parents to withdraw money from their Provident Fund or to take a bank loan, for their child’s marriage. Hence, we have created “Dazzling Wedding FundBox” to remind parents to invest for this goal.
Being a long-term and fixed goal, parents can invest a small amount for the long-term. Long-term investment will help parents to create wealth and plan a wealthy wedding for their child.
“Save the Date” in calendar is important but what matters the most is “Saving for that Date”.
As mentioned above, this FundBox is designed for the long term with a minimum time frame of 8 years and above. Asset Allocation in this FundBox is primarily into Equities (around 97%).
The performance of this FundBox depends on the performance of the share market. Being aggressive can generate high returns over the long term. But in the short run, it can sometimes show negative returns if the markets are not performing well.
Though short-term withdrawal is not at all advisable, you can withdraw money from this FundBox at any time after investing, as 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.