This is the First FundBox in our Scholarly Group under 3 to 5 years’ time frame.
This Education FundBox is specially designed for parents who want to plan for their child’s education in the next 3 to 5 years.
Investors who desire to have portfolio stability but also intends to beat inflation by a good margin, this one is for you. Its design strategy focuses primarily on returns.
Asset Allocation in this FundBox is heavy towards Equity (around 60%) and also contains Debt, and Cash for diversification and stability.
Investors can expect good returns with average risk. Investors having 4 years and above time frame can go for this FundBox. The risk involved in this FundBox is average.
You can withdraw money from this FundBox at any time after investing, but preferably after the completion of 4 years. There is no lock-in period. You can get money in your bank in 3 to 5 working days. Short Term withdrawal is not recommended.
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.