As the name suggests this FundBox is designed for keeping your emergency money. It focuses majorly on safety of capital.
Since the funds are required any time during an emergency, this FundBox invests in safe (less volatile) mutual funds such as Liquid & Ultra Short Term Funds.
FundBox is designed for a very short period of 2 to 3 months. But you can stay invested as long as you wish.
You can expect this FundBox to generate returns better than a Savings account.
You can withdraw part or full money at any time from this FundBox without any charges. The money withdrawn will be deposited to your bank account in one working day, if order is placed before 2 pm.