This is the second FundBox in Racer family. This FundBox is designed for long term and aggressive investors. Design strategy focuses primarily on asset allocation.
Asset Allocation in this FundBox is heavy towards equity (around 72%) and international equity (around 10%) but also contains debt and cash.
This being an aggressive FundBox, it has potential to generate high returns over long term. It can be volatile at times and its returns depend on performance of share market.
This FundBox is designed for a long term investment with minimum time frame of 8 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.