Invest in SunLife Mutual Fund and Let Your Money Work and Grow
I mentioned before that I invested my son’s Christmas money in a mutual fund when he was only 9 years old (read it HERE).
Instead of putting his money in the bank, I chose a mutual fund because it offers a higher interest rate and because my plan was for him to get that money after he graduated from College (long term investment).
WHAT IS MUTUAL FUND?
A Mutual Fund is an investment medium that pools together money from different investors, then invests these in various assets depending on the goal of the fund. The company issues investors shares or units, which represent their investments.
There are a lot of companies that offer mutual funds but I chose SunLife Asset Management Company Inc. (SLAMCI) because they’ve been in the industry for a long period of time and I know that they are getting stronger and will stay until all Filipinos are insured and have investments.
Also, Sun Life Asset Management Company, the fund manager and distributor of the Sun Life Prosperity Funds, is a member of the Sun Life Financial Group of Companies operating in Canada, the United States, United Kingdom, Hong Kong, China, India, the Philippines and Indonesia.
At Sun Life Asset Management Company, Inc. (SLAMCI), they have a suite of 15 mutual funds called the Sun Life Prosperity Funds.
What are the different types of Mutual Funds?
There are four (4) basic types of mutual funds in the market:
- Money Market Funds invest in short-term debt instruments like time deposits. (e.g. Sun Life Prosperity Money Market Fund)
- Bond Funds invest in long-term debt instruments of governments or corporations.(e.g. Sun Life Prosperity GS Fund and Sun Life Prosperity Bond Fund)
- Balanced Funds invest both in shares of stock and debt instruments.(e.g. Sun Life Prosperity Balanced Fund)
- Stock Funds / Equity Funds invest primarily in shares of stock.(e.g. Sun Life Prosperity Philippine Equity Fund and Sun Life Prosperity Philippine Stock Index Fund)
When I got a mutual fund for my son, the minimum amount of investment was P5,000 it’s a good thing that NOW they lowered it to P1,000 to encourage more people to put their money on it.
Also, now there are 2 ways for you to start investing with them. You can choose between (1) talking to a financial advisor and (2) applying online
That’s because SunLife wanted to be your partner to prosperity, as they’ve made investing accessible and affordable.
Talk to a Financial Advisor – this is advisable if you want a more comprehensive explanation before investing. By choosing this option, you can ask whatever you want with your advisor before signing the contract.
Apply Online – if you are more comfortable not talking to people and already did some research about the fund you are planning to get then this one is for you. What’s nice with the app is that they have a profiling area wherein based on your answers they will suggest what funds are advisable for you.
VISIT sunlifefunds.com to get started
• Click on your desired mutual fund
• Click the “BUY NOW” button
• Accomplish the online application form
• Settle payment through preferred means
To give you an idea, here’s what it will looks like (those are my answers on the questions):
After answering those questions, they will tell you what kind of investors you are right now.
Then they will suggest what SunLife product will suit your needs
Then click your desired product and fill up the form:
Starting to invest should not end there though. You need to be consistent in adding money, think of the long term goal and be committed to do it. To give you an idea on how big your money will grow, you can try the investment calculator.
That is what SLAMCI brand ambassador Matteo Guidicelli showed in the 4 digital videos that will showcase: (1) investing easily, (2) importance of choosing the right fund, (3) need to invest regularly and (4) to stay on track to reach one’s financial goals.
Watch the first video here – https://www.facebook.com/sunlifeph/videos/491150318492015/
I’m proud to say that after starting to invest and choosing the righ fund, now I’m on the stage of being consistent by investing regularly and be committed to reach my goal for my son’s trust fund.
Yes I enrolled a certain amount to auto deduct from my bank account to go to his mutual fund monthly. This way, hindi ko namamalayan na lumalaki na pala ang pera nya.
Besides getting his own mutual fund (still under my name but entrusted to him since he is minor), I also have my own mutual fund and life insurance with investment with SunLife. Ang sarap tignan ng gantong portfolio 🙂
So whatever your goal is in the future, to travel, to purchase a car, buy a house and lot, for you kid’s education fund or for your retirement fund, I advise to start investing NOW and let your money work for you.
Learn more about SunLife Mutual Fund here – https://www.sunlife.com.ph/PH/Investments/
Hi Mommy, How did you apply the ‘in trust for’ account online? I was able to create one under my name but I also want to create one that is for my child
Mommy Levy says
I applied personally for my in trust fund not online that time.
Angelie Namindang says
Almost 1 year na din po ako naghuhulog mommy.. Hehehe kaltas sa sahod.. Hahaha medyo mabigat nung una pero now nasa ay na.. Di ko na Ramdam yung kaltas..
Mommy Levy says
Emz villar says
Wowww..parang gusto konyan mommy lev
Mommy Levy says