This FundBox aims towards assisting parents, who wish to invest for Education Planning of their child. It is designed for long-term and aggressive investors who wish to create wealth in the long term and want to be free from worries of expenses towards Child Education.
Asset Allocation in this FundBox is heavy towards Equity (around 96%) and remaining allocation in Cash.
Being exclusively Equity FundBox, expected returns range from 14% to 16% p.a. Investors having 5 years and above time frame can go for this FundBox. The risk involved in this FundBox is high so are the returns.
You can withdraw money from this FundBox at any time after investing, but preferably after the completion of 5 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 at all 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.