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Sun Life Prosperity Funds

purplehazel · 454 · 115699

purplehazel

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I've read that it only takes a minimum of P5,000 to open a mutual fund. Ganun din ba sa Sunlife? I know only one person who is into mutual funds and he's really earning a lot... good to know that many people are into that also... baka mag open din ako...


FutureGizmo

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Details on Sunlife Mutual Funds here: http://www.sunlifefunds.com/mutualfunds/default.asp

Kung gusto mo mag-invest, lapit ka kay nailbiter, Sunlife agent yung mom niya. ;)


FutureGizmo

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May promo pala Sunlife, may give-aways para sa mga mago-open ng bagong investments. P3M lang naman yung minimum ;)


FutureGizmo

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May alam po ba kung magkano yung sales charge ng Sunlife sa Prosperity Funds (front-end o back-end kahit ano)? Hinanap ko kasi sa website nila, nde ko makita yung info. Kino-compare ko ngayon ang charges ng mutual funds na tinitingnan ko. Sa sasagot, salamat po.


nailbiter

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From Sunlife's Investor's Guide:

1. Front-End load

Peso (except Money Market Funds)

less than P100K - 2%
P100K to less than P1M - 1.5%
P1M to less than P5M - 1%
P5M and above - 0.5%

Dollar

less than $2K - 2%
$2K to less than $20K - 1.5%
$20K to less than $100K - 1%
$100 and above - 0.5%


2. Back-End load

Redeemed in - Deferred sales charge as % of market value at time of redemption

Peso

1st yr - 6%
2nd yr - 6%
3rd yr - 5%
4th yr - 4%
5th yr - 3%
6th yr - 2%
7th yr - 1%

Dollar

1st yr - 4%
2nd yr - 3.5%
3rd yr - 3%
4th yr - 2.5%
5th yr - 2%
6th yr - 1.5%
7th yr - 1%


3. Front-end with Redemption Fee Option

Peso

Front-end Fee

less than P100K - 1%
P100K to less than P500K - 0.75%
P500M to less than P5M - 0.5%
P5M and above - 0.25%

Exit Fee

less than 1 yr - 1%
1 yr to less than 2 yrs - 0.5%
over 2 yrs - none

Dollar

Front-End Fee

less than $2K - 1%
$2K to less than $10K - 0.75%
$10K to less than $100K - 0.5%
$100K and above - 0.25%

Exit Fee

less than 1 yr - 1%
1 yr to less than 2 yrs - 0.5%
over 2 yrs - none


N.B. All sales load (exclusive of VAT).
« Last Edit: Jul 28, 2006, 01:36 PM by nailbiter »


FutureGizmo

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:thanks: nailbiter, ikaw talaga hinhintay ko sumagot nyan :hihi:

kino-compare ko kasi yan sa HSBC Offshore Banking mutual funds. maganda sana yung returns at madaming international mutual funds na pede pagpilian sa HSBC kaya lang nanghihinayang ako sa 5.25% initial charge on top of the Annual Management Fee nila.

pag-isipan ko kung magtuloy ako magdagdag sa Sunlife tapos kung tuloy sa nanay mo na lang ako lapit, pede di ba? :)


nailbiter

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sharingan16

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i will invest my 100k in sunlife mutual funds. anyone who can help me here?


nailbiter

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What kind of assistance do you need? My mom is a Sunlife agent. PM me if you want her contact info.
« Last Edit: Oct 19, 2006, 04:39 PM by nailbiter »


pinkguitar

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question po.

for example, i invest 100k in a mutual fund, say, sunlife in nov 2005 and planning to keep it there for 2 years. then i made monthly 10k additional investment, or 120k yearly... ang tanong po is, if i will redeem my entire investment as i have planned in 2007, kasama na ba sa zero-redemption fee yung additional investments kahit hindi pa naglapse yung two years with respect to that portion of the entire investment? if not, it means yung initial 100k lang ang mawiwithdraw ko ng walang redemption fee dahil yun lang ang nagcomply sa 2-yr holding period?



nailbiter

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Each subscription is a unique transaction, pinkguitar, so the short answer to your question is yes, the waiver will only apply to your initial subscription.

But since your example is Sunlife, iba kasi ang sales load options nila.

You may be referring to Option C. A P100K investment does not qualify for Option C kasi, minimum to qualify for Option C is P1M.

If you opted for Option A, front-end lang ang sales load mo so wala nang redemption fee. If you opted for back-end sales load with Option B, beyond 5 years pa bago ma-waive yung redemption fee mo on each investment.

But if you and your immediate family members' have mutual fund accounts amounting to P5M combined, you can request for discounted Option A sales load on the P10K-P100K investments in your example above.


pinkguitar

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Celljacela

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I also invested in sunlife bond fund since last year - i make it a point to invest every month but i make huge one during the oakwood mutiny  if i still remember - medyo opportunist ang dating ko. I also make  it a point to check the NAVPS every day just for the heck of it. Im not a pro sa mutual funds but so far Sunlife has been the top performer for all the local Mutual Funds compared to philamlife and the one in ortigas (foget the name).

Bond fund is relatively safe , ideal for us Filipinos kasi by nature we are not really risk takers ( ok so maybe some of us are). Initial investment is 10, 000 pesos and you can replenish anytime you want. If i remember my first investment the NAVPS for bond fund was 1.55 pesos and currently the value is at 1.893 up by almost 30 cents per share in a span of a year - not bad. I gave the GS fund a try , it has been performing well for the last 3 months starting below  1.05 pesos per share to currently 1.1061 per share - if my math is correct thats roughly .05 cents already.

The only thing I find odd is there is not way to systematically check the value of your shares - like some sort of online application that you can log in and you can look at how much it has earned. Sunlife send a short "paper" every quite so often to tell you how many shares you own but i find it not as useful.

I also bought a SUNFLEX life insurance fund, now the value of your insurance or the coverage  may vary depending on which FUND YOU INVESTED on. Example if  the original value of my policy was 500k death  and  i have invested 100% on Bond Fund - chances are at any given time when the bond fund increases the value of my policy also increases. Plus I have some shares . I cant explain it fully - its a non-traditional insurance policy , also risky but suits me well. Plus it has a "maturity " period - 10 years , so you earn something within that duration just like any insurances out there.

I have devised a simple plan ( hope somebody with better experience can validate this), to invest a certain amount  via Bondfund enough to earn dividends (bond fund has been averaging above 5% for the last 3 years) that will pay for the cost of my annual insurance payment annually :-D. Lets say you are paying 15,000 annually for a 500k pesos Life Insurance with a 500k death and accident "rider". At 5% annual earnings for your fund value - you would need some 300k worth of Bond Fund to "support" your insurance annual payment. Ideally it becomes a self sustaining engine. Making the  fund value for insurance earn while being insured. Complicated? I guess it is but bottom line is I think its a good investment. Better than the banks' pathetic 1% taxable earning - annually.

Hope this helps.





FutureGizmo

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Hi Celljacela, seems like you're already doing great with your fund investments, congrats!

Regarding SunLife, they do offer a personal online account where you can check the NAVPS of your shares. There you can see the net amount you invested, in which funds they are invested in, the NAVPS when you bought the shares and the current NAVPS (they don't explicitly tell you how much you have already "earned" but you can compute that based on the difference of the NAVPS values). Contact SunLife or your agent if you have one and they'll help you setup your online account. I've been using mine for more than 2 years now.

Regarding your plan to have your bond fund dividends "pay" for your insurance premium, I think that's a good self-sustaining income plan. Dunno though how much dividends each sunlife's fund type is paying. Were the bond funds really paying around 5% dividends during the past 3 years?


nailbiter

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The only thing I find odd is there is not way to systematically check the value of your shares - like some sort of online application that you can log in and you can look at how much it has earned. Sunlife send a short "paper" every quite so often to tell you how many shares you own but i find it not as useful.


As FG described above, Celljacela, you can use Sunlife's Sunlink Online facility. Visit http://www.sunlife.com.ph and you'll find the Sunlink Online link under Online Services. Click on that and you'll find the registration link when a new page opens.


 


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