How To Open Mutual Fund Account with Sun Life in the Philippines

Once you have decided to invest your savings in Mutual Funds, here are the things you may consider first:

1) Choose what Mutual Funds company you will invest in - This is very important but to help you decide, check this out: Top Mutual Funds Companies in the Philippines (as of April 30, 2013)

2) Look for a Licensed Mutual Funds Representative - Ask your friends if they know one or you may search thru the internet. But if you don't know any, just let me know. And I will assist you.

3) Ask for the company Prospectus - This will explain in detail the different type of funds & its objectives, board of directors, company's Income Statement, sales charges and many more. 

Watch this video by Aya Laraya of Pesos and Sense for easy explanation how Mutual Fund works.

Lets say you are already convinced investing in Mutual Funds with Sun Life, below is the list of the different type of Prosperity Funds and its objectives that you may choose from depending on your risk appetite:

Type of Prosperity Fund	What’s My Objective?	Where will my money go?	What’s my risk appetite?	How much is the minimum investment?	What’s the minimum amount if I want to add?
Money Market Fund	I just want to leave my cash for a short period of time and earn from it, too.	This Fund invests in special savings accounts	I’m very conservative	Php 5,000	Php 1,000
GS (Government Securities) Fund	I want my money to earn but my investment should be kept intact.	This Fund invests mainly in government debt	I’m conservative	Php 5,000	Php 1,000
Bond Fund	I want my money to earn but my investment should be kept relatively stable.	This Fund invests in government and high-quality corporate debt	I’m moderately conservative	Php 5,000	Php 1,000
Balanced Fund	I want my money to earn more and I can afford to lose some of my investment for higher return	This Fund invests in a mix of  high-quality debt and equity securities	I’m somewhat between conservative and risky	Php 5,000	Php 1,000
Philippine Equity Fund	I want to maximize the potential of my money for  higher return over the long term	This Fund invests mainly in  high-quality equity securities	I believe in the saying, “high risk, high return”	Php 5,000	Php 1,000
Dollar Abundance Fund	I want to invest my US dollars to preserve it.	This Fund invests in foreign-denominated government and high-quality corporate debt	I’m conservative	USD 1,000	USD 200
Dollar Advantage Fund	I want to invest my US dollars and I can afford to lose some of my investment for higher return	This Fund invests in a mix of  high-quality debt and equity securities	I’m somewhat between conservative and risky	USD 1,000	USD 200

(source: www.sunlife.com.ph)

Another video that talks more about Mutual Fund investment is from ANC On The Money with Ms. Valerie Pama, COO of Sun Life Asset Management Company, Inc.

 

How much am I charged when I invest?

With Sun Life, there are two (2) sales load options depending on your time horizon: Front-End load (Option A) - sales load is deducted upfront but with no exit fee. This option is ideal for short-term investing (less than 5 years).

Back-End load (Option B) - no sales load upon entry but investment should stay invested for 5 years. Best for long-term (5 years and more). There will be applicable charges if you redeem your money in less than 5 years.

OPTION A

For Peso Denominated Funds

Investment	Load Rate*
Less than P100,000	2.00%
P100,000 to less than P1M	1.50%
P1M to less than P5M	1.00%
P5M and up	0.50%

For Dollar Denominated Funds

Investment	Load Rate*
Less than US$2,000	2.00%
US$2,000 to less than US$20,000	1.50%
US$20,000 to less than US$100,000	1.00%
US$100,000 and up	0.50%

OPTION B

For Peso and Dollar Denominated Funds

If redeemed within...	Back-End Load*
1st year	5%
2nd year	4%
3rd year	3%
4th year	2%
5th year	1%
Beyond 5 years	NONE

                                         *Exclusive of VAT

Opening a Mutual Fund Account with Sun Life

All you have to do is to fill-up the following forms. It's easy and simple!

1) Investor Profile Questionnaire: allows to determine your personal investment style. Your risk profile and what Mutual Fund is right for you. Download the form here.

2) Investor Information Form: indicate your basic information/profile (principal and co-investor, if any) and your signature/s (3). Download the form here. 

3) Order Ticket for Initial Investment: it's like the bank's deposit slip. Choose what fund/s are you investing in (Equity, Balanced, Bond, Money Market, Government Securities, Dollar Advantage and Dollar Abundance), sales load (front-end or back-end), amount paid (initial investment is Php5,000 or USD1,000), payment type (cash, cheque or validated deposit slip), source of funds and your signature. Download form here.

4) Enrollment to Mutual Fund Services: if you want the redemption proceeds automatically credited to your bank accounts, discontinue mailing of quarterly statement of accounts (thru email delivery instead) and faxing of Order Tickets (additional investment) for current investors, just submit this form. Download the form here. 

5) Submit photocopy of your government-issued IDs (front and back): passport, SSS, GSIS, TIN, driver's license, postal, etc. 

6) Initial Investment: minimum amount is Php5,000 or USD1,000. You may give it in cash or cheque - address it to SLAMC or Sun Life Asset Management Company, Inc. Or you may also transfer your funds directly to SLAMC's bank account, just provide the original copy of valid deposited slip. Another option is thru online bank transfer (print it).

COLLECTION ACCOUNTS
UNDER ACCOUNT NAME : SUN LIFE ASSET MANAGEMENT COMPANY, INC.
As of June 24, 2009
	BANK	TYPE	BANK ACCT NO. PESO ACCOUNTS	BANK ACCT NO. DOLLAR ACCOUNTS
1	Bank of the Phil Islands	SA	0073-1798-07	1624-0061-07
2	Banco de Oro	SA	046-004225-4	046-006383-9
3	Equitable-PCI/Banco de Oro	SA	36-0000-2338	1700-1507-80
4	ChinaBank	SA	203-103-6216	---
5	China Trust	SA	002-020-20899-0	206001449-1
6	Citibank	SA	5-602714-022	5-602714-057
7	Deutsche Bank	SA	---	1204-668-305
8	HongKong Bank (HSBC)	SA	000-270579-070	001-095603-130
9	Landbank	SA	1801-0249-00	---
10	Maybank	SA	01-059-003283-8	01-759-000153-0
11	Metrobank	SA	066-3718-10691-6	066-2066-10860-5
12	Phil National Bank	SA	390-5704000-12	390-5704000-20
13	RCBC	SA	3-001-00840-3	8-001-00967-3
14	Security Bank	SA	0514-020724-200	0514-020724-201
15	Standard Chartered Bank	SA	014-0953811-004	905-534910-3349
16	UCPB	SA	104-165963-8	01-104-300835-0

7) Type of Account do you want to open: this is also same as opening a bank account. You may get an account as individual, joint, in trust for (ITF) - for your children below 18 years old or institutional account - for your company.
8) Ask for Acknowledgement Receipt: from your licensed Mutual Funds Representative. Applicable only for cash or cheque payment type since fund transfer to SLAMC's bank account is deposited directly.

9) Confirmation of Subscription: you will receive notification from Sun Life thru text/email if your application is already been processed. Also, Sun Life will send you a copy thru courier.
10) Sun Link Online registration: if you want to view your account information online - Mutual Fund current value and summary of transactions, click here to register. 
11) Mutual Funds Online: is a new facility via Sun Link Online that allows you to add, transfer and redeem shares anytime, anywhere!

Yes, I want to invest NOW!

Fill-out the form so I can help you.

Powered byEMF Online Survey

***

Do you want to open an account/plan for your:

  - Life Insurance to protect your family

  - Critical Illness fund to protect your finances

  - Insurance with Investment for your income protection PLUS retirement/health fund

contact me, who will journey with you towards a secured financial future, through the following:

Email: jacquinoynay@gmail.com

Call/Text/Vibe: (+632) 933-2014898

Sharing is caring! Let us help our fellow Pinoy to invest. Be a blessing to others. 

Subscribe via email to receive FREE Style Your Finance updates and tips

Enter your email address:


Delivered by FeedBurner