Richard Macalintal Helping people one blog at a time.
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 edmund.lao@gmail.com 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
Philippines 1227
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.
Please click the forms to download:
Account Opening Form
Signature Card
Investment Application Form
Feel free to message me for questions or query 🙂
Sir, can you kindly give us a breakdown of the fees and taxes in FAMI Mutual Fund. In opening new account, top ups, close and others…
Thank you…
hi sir… there are 3 fees in mutual fund: sales load, exit fee and management fee.
sales load. when you open your account and every time your top up, they will deduct this sales load fee. the amount varies from 1% to 3.5% depending on the company you invest or how much you invested.
exit fee. in case you withdraw your investment within the the investment period of 2 years below, you will be charged exit fee of between .5% to 2% depending on the company. some company have investment period of 1 year, some 2 years. the point is, if you put your money 2 years and above, no more exit fee.
management fee. yearly, company will charge management fee from the total gains of the investment ranging from .5% to 3.5% depending on the company and amount of your investment. however, this is already computed and integrated backed. so if you see a mutual fund gain of 30%, it’s already net. management fee is already deducted on the computation.
Sir ask lang po? Mga 5years na naka lipas ang investment ko sa FAMI mga 10k narin ang na hulog ko halos na kalimutan ko na nga. Paano ko malaman ang account ko sir? Balak ko kasi ituloy uli ang pa iinvest ko.
Salamat po.
best way is to email FAMI or kung may agent kayo, ask nyo po sila. normally pag FAMI, you will have online access sa website nila to check your account.
Hello good day Itatanong ko Lang po sa mga ganitong klaseng investment kailangan monthly kang naglalagay ng pera sa account mo.
Salamat po.
you can topup whenever you want. pede every month, every year or once in a blue moon. yong pera mong nilagay, yon lang din naman ang mag grow. but don’t expect for a PHP 5,000 to be a million in coming years 🙂