If you are an OFW, opening FAMI mutual fund account directly to them is a pain in the ass. I won’t give much details how inconvenient it is, but I’ll prefer to give you details how to make it smooth as possible.
The procedure to invest follows after a person has fully understood how mutual funds work and has chosen the fund matching his goal, time horizon and risk profile. If you don’t know about mutual fund, read here.
Step 1. Read the prospectus of the fund first. You can download here.
Step 2. Please fill out an Account Opening Form (AOF), Investment Application Form (IAF) and Signature Cards and submit the documents together with the following:
**For individual (personal) accounts, please submit a photocopy of two (2) valid IDs plus ID in your country of work. If in Singapore, add a copy of your work pass:
o Philippine passport or Foreign Passport
o Driver’s License
o Professional Regulations Commission (PRC) ID
o Postal ID
o Voter’s ID
o Government Service Insurance System (GSIS)
o Social Security System (SSS) card
o Overseas Workers Welfare Administration (OWWA) ID
o OFW ID
o Seaman’s Book
o Home Development Mutual Fund (HDMF ID)
o Bureau of Internal Revenue (BIR) Taxpayer’s ID
o National ID
o Philhealth Card
” For In-Trust For (ITF) accounts, please submit a photocopy of the following:
o One (1) valid ID
o Child’s birth certificate (must be below 18 years old)
Scan email all filled-up forms, copy of valid ID (sign 3 times) to firstname.lastname@example.org for checking of correctness. If forms are okay, you may proceed to the next step.
Step 3. Make your investment. Remit/Deposit via Metrobank/PSBank
Step 4. Please send all copies of the accomplished forms, IDs, and deposit/remittance slip to:
Edmund Lao c/o Jason Gutierrez
Rampver Strategic Advisors
Unit 6F, 6th Floor PDCP Bldg
V A Rufino cor Leviste St,
Salcedo Village, Makati
Tel (632) 8941811
FAMI will send confirmation of investment by email. The Confirmation Receipt will be sent to your mailing address.
For subsequent investment, you may follow the above procedures, but you only need to scan email the Investment Application form and the remittance slip. Another way is to have someone in your family back home deposit for you using Metrobank’s green payment slip. No need for the forms as the deposit will be credited directly go to your fund. Please note that you should add 3 zeroes to your client in the reference number /subscriber number box.
Please click the chosen funds to get the prospectus:
FAMI Save and Learn Equity Fund (SALEF)
FAMI Save and Learn Balance Fund (SALBF)
FAMI Save and Learn Fixed Income Fund (SALFIF)
One Wealthy Nation Fund Inc.
Feel free to message me for questions or query 🙂