Opening Mutual Fund Accounts with different IMG Partner Mutual Fund Companies are outlined in this article.
These are the procedures to open mutual fund accounts with FAMI:
Submit duly filled out forms together with the duplicate copy of your deposit slip to IMG office. IMG will forward the documents to Rampver Strategic Advisors. IMG partnered with Rampver Strategic Advisors as agent for its mutual fund transactions, as well as, for the provision of investment advisory services to IMG brokers.Wait for an acknowledgement letter from FAMI.
More or less, the same procedure applies to opening a mutual fund account with Philequity Fund. First off, read the prospectus from their website: www.philequity.net to help you decide.
To access application forms click on “Online Forms” then click on either “Fill up online” or “Download” on your chosen fund. Personally, I prefer to download the forms and take time to fill them and go over the entries to make sure that they are in order. Deposit your initial investment with either Banco de Oro or Union Bank. Banco de Oro accounts are as follows:
If you prefer Union Bank, here are the accounts for the different mutual funds:
PAMI’s depository banks are BPI, Citibank, MetroBank and Security Bank. BPI however, is for additional investments only where you can also do online fund transfers.
The Metro Bank account is only for GSIS mutual fund. Security Bank accounts are only for four mutual funds: Philam Bond Fund, Philam Dollar Bond Fund, Philam Fund, Inc. and Philam Strategic Growth Fund.
Visit www.philamfunds.com.ph for comparison of the different funds and for the application procedures.
I have no experience opening mutual fund accounts with PAMI. The stringent requirements of its depository bank is a turn off.