Guide on the Minimum Initial Investment Under the Mutual Fund
MUTUAL FUND – Here is a guide on how much is the minimum initial investment under the said investment option for those who wanted to grow their money.
Nowadays, more and more people are in the pursuit of growing their money. It is the wisest and the most practical move in an environment where prices are soaring high and the monthly expenses seem to be unending.
Are you also one of these people who are seeking for opportunities to make your money grow? You have several options and among them are depositing your money to the bank, engaging in a business, or investing your money to an investment fund.
One of the most popular investment funds is the Mutual Fund. How does it work? Does it require a huge amount for investment? Is there a regulatory body for it? All these we will know in a while.
It is an investment fund that gathers a pool of money from investors and it will be used in different options where it has a high chance of growing. It may be used in bonds, stocks, and money market among others.
One of the best features of this investment fund is the presence of the fund managers. They are those people who will manage the gathered amount while assessing on where it has a high chance of growing. Your money will not be easily spent on something without a full knowledge of the said field.
There is security in investing in a mutual fund as it is regulated by the Securities and Exchange Commission (SEC). Based on an article on Grit, with regards to the minimum initial investment, it will not fall below Php 5,000.00.
The money you invested may grow in as fast as one (1) year since you invested according to the article. In some cases, its growth may take effect in at least three (3) or five (5) years since you made your investment.
In the Philippines, there are several companies that offer mutual fund investment opportunities. These entities include the following based on the article:
- Philam Bond Fund, Inc.
- Philam Dollar Bond Fund, Inc.
- ATRAM Alpha Opportunity Func, Inc.
- Cocolife Dollar Fund Builder, Inc.
- Sun Life of Canada Prosperity Bond Fund, Inc.
- PAMI Horizon Fund, Inc.
- Sun Life Prosperity Dollar Abundance Fund, Inc.
- Philam Fund, Inc.
- Philequity Peso Bond Fund, Inc.
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