Trying to Open Mutual Fund Account or Top Up on Your Existing Fund? Read this first

Trying to Open Mutual Fund Account or Top Up on Your Existing Fund? Read this first

Last January 10, we held the TGFI SG Market Outlook with COL Financial bosses Mr Dino Barte (President/CEO) and the gorgeous Ms April Lee Tan (VP – Head of Research) 🙂 It was jam packed event, with around 330 participants.

market outlook 2015

Aside from Market outlook which Ms April discussed, Mr Dino also announced some upcoming projects and products that COL will provide on its clients. These includes offering mutual funds thru their own portal. That means, you only need to open one COL account to invest in wide arrays of stocks in PSE and mutual funds offered by various companies like Phiequity, FAMI, PAMI, ATRKE, SUNLIFE and ALFM.

What is more exciting is that, COL managed to waive all the sales load charges (except for SUNLIFE) incurred every time we add fund to our mutual fund. That was one of the best news to investors like me, knowing how much sales load are deducted to our investment everytime we invest.

Sales load is a percentage deducted to our investment everytime we invest. Price varies from 3.5% to .5% depending on the amount of our investment and the fund companies offering the funds. For example, if you invest your P10K in a fund with sales load of 3.5%, your actual money invested is only P9,650 only because P350 will be deducted as sales charge.

I am currently investing in Philequity and FAMI. That means, I will save up to 3.5% every time I add more funds into it. Plus COL Financial is more convenient and friendly in terms of their online platform and customer service.

This project will be launched either end of this month or early February. Before it happens, make sure you already have your account ready and funded 🙂

So, if you are planning to top up on your existing fund or open new account, I suggest you reconsider and open COL Financial account instead. If you have existing mutual fund account, don’t withdraw it. Just leave it there. Only the new account and succeeding top-ups you should consider putting thru COL.

 You may sign up your account here:

If you are in Singapore, you may send your application form to iREMIT in Lucky Plaza together with the required documents. They partnered with COL Financial. Plus you can also send your remittance to them, with a transaction fee of only $2.95. Read below guide.


By the way, UITF is under negotiation and might soon be available to COL Financial also 🙂

Happy investing folks!

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) 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.


  1. I have COL account…and now I’m planning to open Philequity account are saying no need for it..

  2. Hi Richard, I have existing COL and Philequity account can I use my COL account to fund my Philequity just to avoid the sales load fees or I still need to open another Philequity account thru COL?

    • if you will buy philequity funds thru COL, it will be treated as another account. i suggest you leave your existing account as it is. then yong mga succeeding topups mo gawin mo thru COL na para walang sales load. no need to open another account, as long as you have COL you can buy funds.

      • Sir tanong lang po..anu po bang dapat kong gwin kc yung requirements ng col yung billing wla po ako non..nanito po ako sa ibang bansa now..anu po bang dpat kong gwin?tnx

      • Sir ask lang po yung isang requirements ng col sa billing…wla po kc ako nun..klangan sa akin ang at adress..paano kung wla..may paraan pba?tnx and god bless..

  3. sir ok po b na kumuha ng retirement fund sa sunlife kesa mag invest sa col ?gusto ko din kc na kumuha ng account sa col , but for now i still need to build my emergency fund before i invest to mutual fund .ano po ba ang maisa suggest nyo ,am 43 yrs old n po , at bago lang dito sa riyadh .single po ako , at mga siblings lang ang nangangailangan ng financial help ko .thank you po sa advise ninyo .

    • tama po kayo na before you consider investing, mag build muna kayo ng emergency fund + insurance coverage for risk maangement. proper financial management din po para maayos nyong ma-allocate yong finances nyo at ang may patunguhan po at mapakinabangan nyo pagdating ng araw. turuan nyo rin po ang mga siblings nyo ng financial literacy, especially in handling money. hindi naman po habang panahon eh kaya nating magpaluwag para sa kanila.

  4. Thank you for creating this post. I was thinking of transferring our COL holdings to Philequity. Thanks to you, I have learned we can manage mutual funds and stocks through the COL site. More power!

  5. Hi Richard, what about the liquidity of the mutual fund in COL? If I intend to withdraw my mutual fund, will it be the same process of filling up the form, sign it and send through email?

  6. Hi Sir, the 0% sales load is only an introductory offer or is it forever? Thanks!

  7. Hi. Thanks for creating this article.

    1.Whats the difference kung mag oopen ng philequity sa kanila directly and through COL?

    2. No need to submit na ung mga forms pag sa COL ka na mag open ng mutual fund?


    • hi jenel… if you open and invest thru COL, wala na pong sales load. once may COL account na kayo, di na po need ng ibang account. one COL account to invest in both stocks and mutual funds 🙂 no other docs to submit.

  8. How about for Philam mutual funds? COL will also cover them? Thanks!

  9. sir if bibili pala ako ng share sa COL ng philequity fund ma credit ba sa account ko yung binili ko na shares which is account ko sa Philequity, or parang dalawa na yung account ko, a philequity account at sa COL

  10. Sa pagkakaintindi ko po, kahit hindi na ako mag-open ng account sa philequity ay pwede na akong mag-invest sa kanila through my COL account? Para na rin lang akong bumili ng stocks in the form of mutual fund. Tama po ba? Hindi ko na lang ko i submit ang application ko sa Philequity.

  11. Sir richard pede po ba ako mag invest dun sa col mutual fund ng wala pa ako emergency fund? May sunlife na po ako ngaun insurance at mutual fund. Salamat po.

    • wala naman pong nagbabawal na mag invest ng walang emergency fund. kaya po lamang, mas maganda pong nasa maayos ang ating pinansyal kung gagawin po natin ng tama. pwede rin naman pong habang slowly dinadagdagan nyo ang inyong emergency fund, slowly nagtatabi rin kayo ng konti para sa inyong investment 🙂

  12. This is great news but how will COL profit from this?
    Will they treat this the same as a stock purchase?
    So that would mean instead of the regular sales
    load, you’ll pay 0.25% as commission to COL instead?

  13. Sir Richard,

    the plan to remove sales load of Mutual Funds, is it for all Mutual Fund companies or only COL which offers mutual funds?

  14. Hi,

    1. Does it mean na liliit ung kita ng MF companies due to the removal of sales load via col?

    2. What do you think will be the impact of this MF tie up with col to the MF agents/distributor?

    3. What will be the advantage of opening MFs via agents instead of col?

    Please advise.


    • hi col… usually yong sales load, part of it is ibinibayad rin ng mga MF companies sa mga brokers or agents or distributors ng fund nila. COL is just another distrubutor. Plus sales load is just a small piece of cake. it’s on the management fee yearly that they can earn more. with the current initiative of COL, it’s either they join or get left behind by other MF companies n magparticipate. target kase ni COL yong masa, small investors.

      as for the impact, for sure they will feel it. kung di ka naman agent/distrubutor, you won’t feel it. but i do know, the investors will definitely get benefits from it.

      paying sales load is a big advantage. for sure you know it can be as high as 3.5% every time we add funds. plus the convenience of getting all your investment in one portal. you can monitor daily and compare all the funds performances under one website. COL customer service is also 5 star compare to MF customer service. don pa lang panalo ka na. anyway, its a choice for each of us whether to avail this or not 🙂

  15. Thank you for the update. very interesting po ng stock and mutual fund. actually kaka open ko lng po ng COL account last Jan. 9 2015. at kaka invest ko lng ng 15,000php sa different company’s. about mutual fund nag iisip din ako mag invest through BPI pero dahil d2 atleast magiging madali na ang lahat. plan ko po kasi mag karoon ng financial freedom in the future. ang tagal ko ng OFW pero till now wala pa akong savings. i hope makatulong ito. Sya nga pala ano po ba ang emergency fund? is it the same as savings n kontrolado ko?

    salamat po.

    • emergency fund is the money you can use in case of emergency. how much? if you are single, at least 3 to 6 months equivalent of your monthly expenses. if couple or with family, at least 6 months to 12 months worth of monthly expenses.

  16. Thanks for sharing. I hope COL will offer MF soon.

  17. Hi I have a question lang, we have existing account ng gf ko pero secondary account holder ako, tapos may i have my philequity account. Pwede ba kami mg top-up from our col account with me being the secondary account holder. Thanks!

  18. This is good news. Plan ko pa naman mag open mutual fund sa Philequity next month. Nice one COL. Hassle sa isang OFW ang sending ng mga documents lalo na kung malayo location sa syudad at kung mahirap public transpo.

    And nice blog/site.

    Salamat Richard! Godbless.

  19. Edi wow 🙂 this is big help and opportunity for us excited nako 🙂 thanks col and thanks richard for sharing the good news.

  20. Great blogs 🙂

  21. Madaming MF agents nito sa Pinas ang hihina ang sales. lol. Dito natin malalaman ang tunay na mga advocate ng Financial literacy at hindi yung mga gumagamit ng “Financial Literacy” para sa sariling motibo. Kumbaga nakikisakay lang! Kudos to you Mr. Macalintal for informing the public!

  22. Hi Richard! I’m so happy na nakita ko ang site na to. Kasalukuyan ko pa lang inaaral ang investments thru several websites. May I know kung may schedule ba ulit for seminar ang COL for a newbie like me? Hope meron po very soon as I would love to join and learn. Im also an OFW here in SG. Thanks po.

  23. Hi Richard! So happy na nakita ko tong website mo. Im also an OFW here in Sg. Kasalukuyan ko pa lang inaaral ang tungkol sa stocks and investments. May I know kung may seminar ulit ang COL for a newbie like me? Would love to join and learn soon. Thanks!

  24. Wow! Ang galing naman!

    – Phiequity
    – FAMI
    – PAMI
    – ATRKE
    – ALFM

    Nice move COL.
    Eh hindi na pala ako dapat lumuwas ng Makati para lang makapag-open ng ATR Kim Eng account!

    It’s more fun investing in the Philippines!

    PS: Salamat sa info ‘Pre.

  25. Sir any update to this project February na po 🙂 excited lang po mg invest s Philequity thru COL pr free sales load 🙂

  26. Sir how to open col accnt. Sg based po ako. Any documents po?

  27. hi mark…go to click OPEN ACCOUNT. download all the forms, fill it up. you need to provide photocopy of your passport and any proof of billing (phone bills, internet, bank transactions….as long as may name at address mo). once all your forms and document ready, go to iREMIT in Lucky Plaz and submit it there 🙂

  28. carl lawrence leray

    hi po active na po bah ang mutual fund sa COL???? salamat po

  29. Hi… do you know if there’s any update on when COL will release announcement regarding the mutual fund? Thank you! 🙂

  30. Hi, is this already operational? Can I now top-up through col?
    I can’t find any guidelines – nor tickmarks for the MF, gusto ko na sana mag top-up sa MF ko.


  31. Hello. Ask lng po sir. Pag mag redeem ka ba sa mutual fund ibig sbhn nun na ibebenta mo na ung shares mo? So pag nakuha mo na ung pera wala ka na shares? Ganun ba un or mali?

  32. Hello. Pag mag redeem ka ba ibig sbhn nun na ibebenta mo na ung shares mo? So pag nakuha mo na ung pera wala ka na shares? Ganun ba un or mali?

  33. Hi Sir Richard,

    I was lucky to have found your website.
    I was actually looking for reviews about ALFM growth fund kasi gusto ko kumuha sana.
    But then, nakita ko tong website nyo.
    Since I already have existing COL account, it’s more convenient for me na s COL nlng ako kumuha ng mutual fund as I’m currently working in Singapore. (so no need to file forms etc and send to pinas, hopefully)

    Problem is, I cannot find the link on how to open mutual fund in COL. Is it in service na po ba?

  34. Hi,
    Is COL already starting to operate MF purchasing? As of now I check their website and I think it is not yet operating.


  35. sir, may account npo ako sa COL kaoopen lang, pano po ba pag mutual funds? dba po sa shares u can ask for request of certificate of ownership pano pag nginvest ka lets say sa PHILEQUITY and FAMI thru COL mkkrequest din po ba ng cert. sa knila ng Mutual Funds mo?
    How about sir pag gusto mo kunin un invest mo lets say after a yr. or 3 yrs. after ano po ba procedure d ba po sa shares sell mo muna din mppunta uli sa acct. mo sa COL and you can fill up the withdrawal form para mtransfer sa bank mo un fund, pano po sa ganito na mutual fund?

    Sana po masagot nyo po ako? thank u po.

    • regarding certificates, yes pede po kayo mag request non sa company. sa COL naman, yes after nyo ma benta yong mga funds, pupunta yon sa COL wallet nyo. from there, you can withdraw it as per normal using the withdrawal form. in a week nasa bank nyo na yong fund.

  36. I am about to send the required documents to COL thru mail, good thing I saw your website Mr. Macalintal. I was browsing about condo investment when I chance upon your website.

    Keep it up and thanks for educating the future investors.

  37. Bakit ganun, medyo naguluhan lang ako. Sa sun life may sales load pa rin? Bakit nakalagay sa FAQ ng COL Financial about mutual funds eh wala na?

    • i think if you buy the Sun Life funds from COL, walang sales load. but if you buy it directly from them or other brokers, may sales load. i’m not sure though but other funds companies have that arrangement with COL 🙂

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