TGFI Updates
How to Open Mutual Fund Account in Philequity

How to Open Mutual Fund Account in Philequity

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:

Account Opening Form (AOF)
Investor Risk Profiling Questionnaire (IRPQ)
Investment Application Form (IAF)
Signature Cards (2 copies)

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.

mutual-fund-banks

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
Philippines

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

About Richard Macalintal

Hi my name is Richard. I am a Registered Financial Services Consultant in Singapore. If you have any queries or you need help on your insurance policies and investment linked products, feel free to message me :-) We can have a cup of coffee while I do financial review and give advice with regards to your finances :-) Contact me thru email rlmacalintal(at)yahoo.com or SMS me +65 82235186. Disclosure: I am a Financial Consultant of AIA. The statements or opinions expressed on this site are my own and do not necessarily represent those of AIA.

9 comments

  1. Hi Sir,

    Im an OFW here in UAE and I want to open an account with PEMI. As you mention you can refer a trusted agent for us to start?

    Also, bank accounts mentioned is for receiving of account initial fund only and not necessarily mean I need an account with any of them (as I have other bank currently)?

    Thanks and hope to hear from you soon.

    Regards,
    Lester Lequin

  2. hi sir lester…..things have changed since the time i wrote this article. i suggest, instead of opening PEMI account, try to open COL ACCOUNT instead, http://www.colfinancial.com. you will be able to purchase mutual funds products in COL website soon. it will be like a fund supermarket in the philippines.

  3. Hi Richard,

    Would just like to know if PhilEquity offers an online site where I can view / monitor the fund enrolled?

    Thanks.

    Regards,
    Jayla

  4. Mark Anthony Dela Cruz

    kung sa PEMI po directly nag-apply, pwede po ba yang ma-transfer sa COL?

  5. hi sir ,
    isa po akong ofw, nais ko po mag add ng investment ko sa philequity fund i already open an account their, now medyo mahal ang bayad sa money transfer, nais ko ito ipadeposito sa misis ko sa pinas, nabasa ko na need ng referrence inital of my name, but i want to know from you exactly how it is,
    medyo di ako ganun ka pamilyar,
    so papuntahin ko si misis sa bdo , then idedeposit nya sa account ng philequity using my initial of my name iporovide nya ba un sa deposit sleep?
    can you teach me po sana step by step thank you sir
    Godbless

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