This is second FundBox in Protector family. This FundBox is designed for highly conservative investors who expect high stability, safe investments and desire returns just better than FD. Its design strategy focuses primarily on asset allocation.
Asset Allocation in this FundBox is heavy towards debt (around 63%) and Gold (around 15%) but also contains small equity and some cash.
This being a highly safe FundBox, it has potential to generate returns better than FD. This FundBox is highly stable and can grow steadily. It has a very low dependence on share market.
This FundBox can be used for short term investment for a time frame of 2 years and above.
You can withdraw money from this FundBox at any time after investing, but preferably after completion of 2 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.