This question has been asked to me a lot of times already. And yes, I replied same procedure to them every time they message me. So to make my life easier, I decided to write this article to guide you on how to open mutual fund account in Philequity.
First, you need to download the 4 forms below:
Fill up all the forms completely. Take note of the fund name you want to invest as they have total 5 funds available for us. They now also require TIN number compulsory unlike before.
Filling up this form can be challenging for newbies. In any case, you can contact me and send me screenshot of the documents for review. They might reject your application if they found any wrong details on it.
Together with this form, you need to submit copies of your ID’s as well. Just a photocopy will do, but you need to sign on each copy. They only require 1 valid ID from their website. But to be safe, just send them extra if you have. If you are in the Philippines, you need at least 2 government issued ID. If you are working abroad, you need 3: passport, your workpass ID abroad and another copy of any government issued ID.
Opening account for Philequity mutual fund is minimum of P5,000 only. You can use their bank account below to remit the money.
Together with the remittance copy and all the documents, you need to deliver it personally to their office address:
Philequity Management, Inc.
Suite 2004-A, East Tower, Philippines Stock Exchange Centre, Exchange Road, Ortigas Center 1605
In case you cannot make it, you can submit it to their eBiz accredited branches nationwide. You can find the link here: eBIZ
Opening account from abroad can be challenging. They will schedule you for a skype interview to verify your identity. Quite a hassle to most OFW’s especially those on different time zone. To overcome this, you need a 3rd party agent to handle your account opening. The good news is, these agents are FREE to engage. They will receive your documents then help to facilitate the opening without the hassle.
Processing time is fast. You’ll receive email confirmation once your account is already open 🙂
For more details, visit PHILEQUITY website.
**Update: Things have changed recently. Philequity Funds will be offered to COL soon. It is best advise to open COL account instead, then buy the Philequity mutual funds from their website. Check this POST