- Initial: Php500.00 (inclusive of sales fee & VAT) RSP: Php300 or Php500/month for 60 months Regular investor’s subsequent minimum: Php1,000.00 All amounts are cash-basis only — no installment sales.
| Investment Size | Sales Fee |
|---|---|
| Php300 – Php99,999 | 2.00% |
| Php100,000 – Php199,999 | 1.75% |
| Php200,000 – Php299,999 | 1.50% |
| Php300,000 – Php399,999 | 1.00% |
| Php400,000 – Php499,999 | 0.50% |
| Php500,000 and over | 0.25% |
12:00 noon on any business day. Applications after cut-off are treated as received the next business day.
Submit Investment Application Form + signature cards + full payment. Applications, once accepted, can’t be cancelled in full or in part. Payment via cash or wire transfer (Philippine Pesos only); remittance charges are for the investor’s account.
- SEC Certificate of Registration, Articles of Incorporation
- By-Laws Notarized Corporate Secretary’s Certificate authorizing the purchase and naming signatories
- No redemption fee from CIMA
- Stock Transfer Agent (BDO Unibank) charges Php20 + VAT per redemption (certificated) / Php10 + VAT (scripless)
- Payment within 7 business days
- No minimum holding period required by law
Paid without interest within 5 business days of submission.
Optional. If requested, issued within 45 calendar days from request. Lost certificate replacement costs are reimbursed by the investor.
| Fee | Rate |
|---|---|
| Management Fee (to CIMA) | 2.00% p.a. of NAV, daily basis |
| Custodian Fee (BDO Unibank) | 0.10% p.a. or Php50,000/year minimum, + transaction charges |
| Stock Transfer Agency | Opening fee Php10,000; monthly retainer Php10,000 + VAT; issuance/redemption fees as above |
| Legal Counsel | Php5,000 + VAT/month retainer |
| External Auditor (SGV & Co.) | Annual fee, varies with business volume |
- Under the corporation code, mutual fund investors have the right to inspect the books of the corporation at any regular business hour.
- Investors also have the right to nominate and vote for the directors of the mutual fund since mutual funds must have common and voting shares.
- An investor will realize profits from a mutual fund if he sells his shares at an NAVPS higher than what he bought them at.
- Mutual funds are the only type of pooled funds in the Philippines where capital gains from the sale of such funds are as exempt from capital gains tax as provided by law.
