How to Invest in Mutual Funds in the Philippines

How to Invest in Mutual Funds in the Philippines

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Investing and Retirement Planning Tips: Personal Finance 101 (Part 1)

Mutual fund is one of the best investments accessible presently. When you invest in mutual funds, you will only hold-up to build your money grow and up to the time you need the money you invested. Usually, people entrust their money in mutual fund for several reasons such as for retirement, college expenses and for emergency fund. In this article you will learn the procedures on how to invest in mutual fund.

Mutual Fund Investment Procedures

1. Get a duplicate of prospectus of the mutual fund and examine it.

In some type of investing, you need to study, study and study. So what is a prospectus? In the syllabus, you can acquire information beneficial information about the mutual fund and the mutual fund company. You will be familiar with who administers the fund and most important, the current and past achievement of mutual fund. You can obtain a prospectus in the website of mutual fund company you want to invest in.

2. Fill out an account opening form and investment application form of the mutual fund of your choice.

When I invested in mutual fund, I went directly to the office of my mutual fund in Makati. Its really easy, it took only less than an hour to finish. However, in spite of if you're overseas or in at a great distance away places in the Philippines, you can still invest by sending all demands via post office or private courier. My friend invested in ALFM even he's in South Korea.

3. Arrange all requirements.

a) For individual accounts, ready photocopies of two (2) valid IDs like company ID, SSS/GSIS ID, Driver's License, Passport or any government ID.

b) For corporate accounts, prepare a copy of the preceding: Articles of Incorporation and by-laws SEC Certificate of Registration Secretary's certificate / Board resolution, authorizing the investment Secretary's certificate on the allotment of ownership/capital stock held by non-Filipino shareholders

4. Come on to the office of your mutual fund company to give your requirements and application papers or you may send it to couriers. It will be better if you can call the mutual fund office so that you may know other requirements or procedures. In essence, the procedure listed here is typical to all mutual fund companies.

5. Send your payment to the mutual company center, or deposit directly to the fund's bank account. If you're paying through checks, it must be made payable to the fund of your pick.

6. The mutual fund company will give a voucher and statement of account where you can see the quantity of shares you bought and its matching net asset value per share (NAVPS).

Basically, opening or buying a mutual fund involves cautious study and knowledge of the fund. Examine and investigate first before you invest. Find More How to Invest in Mutual Funds in the Philippines Issues