If you are planning to invest via UITFs/mutual funds offered by your bank, here are the minimum amount required. Note: All the banks mentioned are here in Roxas City, so if you are planning to invest for your future, check out the personal investment intruments offered by these banks. BDO - P2,000 (for the Easy Investment Plan) Sunlife - P5,000 BPI - P10,000 UCPB - P10,000 RCBC - P25,000 PNB - P25,000 Chinabank - P50,000 Metrobank- P50,000 Unionbank - P100,000 Security Bank - P10,000 Eastwest Bank - P100,000 AUB- P100,000 Personally, I favor those financial institutions that offer low startup amount (10k and below) , since they only serve to encourage even minimum wage earners to save up and invest for their future. You can choose between balanced or equity UITFs. Balanced fund grow around 10-15 pc p.a., equity funds around 15-20 pc p.a. But unlike deposit instruments (savings, time deposit, etc), Trust and/or Investment Management funds which DO NOT carry any guaranty of income or principal, and are NOT covered by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investments, potential yield cannot be guaranteed It is also possible for the investments and their income to fluctuate as a result of prevailing market conditions. Past performance is likewise not a guarantee of future results. Any loss or income is for the account of the investor. The Trustee (the bank for this matter) is not liable for losses except upon fraud, gross negligence or bad faith.
Posted on: Sun, 15 Sep 2013 13:30:07 +0000
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