This is a Mini Version of Flourish FundBox. It is designed for investors who have long term investment horizon and wisht to take substantial risk for good returns.
Its design strategy focuses primarily on Asset Allocation.
Asset Allocation in this FundBox is heavy towards Equity (around 96%) and contains small cash.
Returns in this FundBox are expected to be high in the long term but can be volatile in short term. Above-average risk-takers can invest in this FundBox.
This FundBox is designed for a long-term investment considering minimum time frame of 6 years and above.
Though short-term withdrawal is not 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.