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What is your experience with BPI mutual funds?

mdejess · 57 · 22763

mdejess

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I had never before put my money in any kind of investments.

Then on my inquiry my bank Bpi told me to put my idle money in sda's, that was what I did, and I liked it.

Now sda's are not earning as good as before, on my inquiry again, Bpi after making me take a test, told me to try mutual funds; and that was what I did.

And it had been good, because I put in (let's say just for simple illustration) P50,000.00, and in 7 months time it had grown to P51,400.00.

So I decided to put in much more money in Bpi mutual funds, that was when the customer service person won me over to take up instead the Christmas free gift cards for three months, read my thread on that affair here.

I am asking people here with more knowledge and exposure, what is your experience with Bpi mutual funds, for I am now a bit rattled: because in hindsight the customer service person did me in effect a poor service, in winning me over to take up the Christmas free gift cards promo.

I mean now I am not so confident that Bpi people are always after your best interest.

And in that respect I am not sure now that after three months when I put my much more money in Bpi mutual funds, it would turn out to be good move.

Or that disservice from the customer service person is just an exceptional incident, not any sign of a pattern with Bpi in giving advice to its preferred customers.



Mdejess


kithe

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glady

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Reply #2 on: Nov 27, 2012, 07:36 AM
My experience with BPI MF funds - so far so good. No problems at all! They have a good customer service. I usually get replies within 24 hours.

Hindi nga lang masyadong familiar yung mismong employee nila sa investment products ng banko, at least sa branch kung saan ako nag open ng account.


IGX

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Reply #3 on: Nov 27, 2012, 08:00 AM
I invested a few times with BPI not on mutual funds but on their UITF products, around 2008 for their Balance Fund which earned me 0.08% for year and again just this year in their Odyssey fund which I have not earned anything yet.

Comparing other Bank Products, I would advice Sunlife (MF) or UBP (UITF).  I have good gains around 40% with UBP UITF.

I hope this helps.


proudtobepinoy

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Reply #4 on: Nov 27, 2012, 03:20 PM
I currently hold BPI Equity UITF
Pinakamaganda kasi sa BPI is the convinience
pwede kang bumili ng BPI UITF and Odyssey, Ewan ko lang sa Mutual Funds nila, through BPIexpressonline.
pero yung fund management mismo IMO is not so good
I mean most of their UITF don't even beat the benchmark during bullish markets
Tsaka masmalaki napoprovide na return ng ibang UITF ng ibang banks eh,
Pinakaadvantage lang talaga ng BPI is the convinience
Pero IMO lang naman eh
« Last Edit: Nov 27, 2012, 03:23 PM by proudtobepinoy »


maillotjaune

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Reply #5 on: Nov 27, 2012, 11:31 PM
I started with BPI mutual funds 4 months ago. I also have 2 Odyssey funds. So far lahat ngayon e positive ang standing. Yung 2 na Oddysey was in negative territories the last 2 months..pero it doesn't matter really. I take on the long term view naman.

Isa lang talaga ang panlaban nitong BPI...superconvenient yung online platform nila. Yung BDO UITFs ko I have to like show up dun sa bank every time I want ro revise something (i.e. regular subscription amount etc) vs sa BPI lahat eh kaya from your computer.


personalfinanceapprentice

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Reply #6 on: Dec 10, 2012, 03:42 PM
I've been investing in BPI UITFs for a year now. several months ago I also invested in their mutual funds (ALFM - but the stock index one).

My experience has been positive. Some of their funds don't give as much returns as other mutual funds or UITFs. (the index fund seems to be doing ok, though).

yun nga lang, wag ka tlaga umasa na makakapag bigay ng magandang investment advice and mga employees nila. Medyo nagulat nga ako na naalok ka nila ng ibang investment vehicle aside from SDA or time deposit.

Bottom line, their customer reps will push products that the big bosses tell them to. And the big bosses are looking out for the bank. Usually it coincides with the customer's best interests. But it is still best if you come to that decision based on your own research. So posting and asking questions here is a great step. :)

I suggest you do further research on different mutual funds. Your money will most likely be ok with BPI. But this might be an opportunity to be more familiar with other investment vehicles. Kung baga, napasubo ka na, so ituloy mo na din. Who knows, baka may mahanap kang ibang companies na mas kampante ka.
« Last Edit: Dec 10, 2012, 03:43 PM by personalfinanceapprentice »


algarcia

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Reply #7 on: Dec 10, 2012, 04:08 PM
@personalfinanceapprentice,

sa punto mong ito parang hindi ka totally masaya sa BPI investment mo. Ako kasi nag-iisip pa kung itutuloy ko ang BPI o maghanap na lang ako ng ibang company.


nanashi

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Reply #8 on: Dec 10, 2012, 09:14 PM
BPI offers convenience thru online transaction of Mutual Funds/UITF placing and withdrawal. The best thing is their mutual fund has no sales load every time you place additional shares on your Mutual fund. Management fee is at par with other Mutual Funds. In term of performance not as great as FAMI - the probable culprit is the convenience - why? Because it is easy to withdraw funds on your mutual fund it affects the total performance of the fund in selling shares to liquidate ad pay the investor.


personalfinanceapprentice

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Reply #9 on: Dec 10, 2012, 10:33 PM
BPI offers convenience thru online transaction of Mutual Funds/UITF placing and withdrawal. The best thing is their mutual fund has no sales load every time you place additional shares on your Mutual fund. Management fee is at par with other Mutual Funds. In term of performance not as great as FAMI - the probable culprit is the convenience - why? Because it is easy to withdraw funds on your mutual fund it affects the total performance of the fund in selling shares to liquidate ad pay the investor.

@algarcia

At yun ding sabi ni nanashi ang dahilan kung bakit nasa BPI pa dn ako kahit di kasing enticing yng performance. Long-term kasi investment ko, at (kahit maliit lang) regular ang pag lagay ko ng pera. Kung kakainin ng sales load, lugi ako over time. lalo na sa  isang MF na nakita ko, 3.5% or 5% ata everytime mag pasok ka ng pera.

Pero yung sa Index fund, ok naman. di naman sobrang kulelat. I will actually stay with BPI's index fund - low fees, ok performance, very accessible.

Disappointed ako nugn umpisa sa odyssey at bpi equity. Pero nagyong index fund na ko, ok naman na. 

Pero you can check http://pifa.com.ph/factsfignavps.asp para makita ang performance ng ibang mutual funds. just check the sales load or any other fees. minsan mataas performance, pero mataas din fees, so parang tabla lang halos.


bilagan2004

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Reply #10 on: Dec 10, 2012, 11:50 PM
Isa sa best performing and BPI Philippine Stock Index Fund, for 4 months until today, nag-appreciate na ng 11% and pera ko.. Not bad at all, very convenient pa ang services ng BPI mutual fund. Nxt time pag-uwi ko magsubscribe ako sa Bahay Pari Solidaritas Fund, astig dn dw ang fund na e2..


nanashi

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Reply #11 on: Dec 11, 2012, 12:26 AM
Isa sa best performing and BPI Philippine Stock Index Fund, for 4 months until today, nag-appreciate na ng 11% and pera ko.. Not bad at all, very convenient pa ang services ng BPI mutual fund. Nxt time pag-uwi ko magsubscribe ako sa Bahay Pari Solidaritas Fund, astig dn dw ang fund na e2..

Sorry to disappoint you but Bahay Pari Solidaritas Fund is exclusive for church and the clergy unless by profession you are working for the church - A Roman Catholic church.


ferrariEverest

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Reply #12 on: Dec 11, 2012, 01:00 AM
may sariling MF ang simbahan? :D
hanep sa olrayt sa ok! ferfect! :D


personalfinanceapprentice

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Reply #13 on: Dec 11, 2012, 10:53 AM
may sariling MF ang simbahan? :D
hanep sa olrayt sa ok! ferfect! :D

and they are one of the biggest shareholders of BPI. I wouldn't be surprised if they have their own seat on the board of directors.

I wonder if their MF gets taxed the same as everyone else?

It should be... I guess I'm just unsettled to know just how big the church's treasure trove is.


bilagan2004

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Reply #14 on: Dec 11, 2012, 04:59 PM
Sorry to disappoint you but Bahay Pari Solidaritas Fund is exclusive for church and the clergy unless by profession you are working for the church - A Roman Catholic church.

I disagree with you, I talked with BPI MF agent and they said it is available for subscription, I just need to personally appear to any BPI branch to subscribe. They did not mention that I need to be a member or working in RC to avail this fund.. Unluckily, Im here in KSA that's why it's not possible for me to join in this fund.


 


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