Tuesday, 5 November 2013

MONEY MATTERS : HOW TO OPEN A SUN LIFE MUTUAL (PROSPERITY) FUND?


FACT: Sun Life also offers mutual fund products. While its main market involves insurance products, it was months ago when I've learned about their Prosperity Funds (their name for mutual fund). In the interest of diversification, I tried to invest some of my money here. What's surprising is that my rate of return in Sun Life Prosperity Fund ranks top 1 among all my paper assets. Top 2 is BDO UITF (for detailed steps, click HERE). This personal investment ranking is as of 4th November 2013.

One of the most important elements in growing your money (next to of course, your capital money) is TIME. That's the main reason why financial talks encourage you to start early and start young (more scoop HERE). The power of compounding is amazing, a reason why wise investment in financial instruments are also called a great wealth vehicle for commoners like us. Let me emphasize, that you need to be at least familiar on any investment you are delving into, after all, earning money involves a lot of time and energy!

HOW TO OPEN A SUN LIFE MUTUAL (PROSPERITY) FUND?

 1. Ask your financial advisor. In my experience, my Sun Life financial advisor is super nice :) She answered all of my questions clearly and we ended up being friends that instant. Agnes made sure that I understand how it works and even gave me options on what works best for me. 

TIP: If you have a friend whose into Sun Life, I suggest that you ask them to refer you to his/her advisor. That way, you can have a brief preview on what to expect or what have yous.

2. Give your initial investment. You will be given a receipt after this. If I remember correctly, a snail mail will be sent separately containing your account number and other important details. TIP: The minimum initial investment is Php 5,000 ☺. After that you can top-up (add on your existing account).

3. Log online. I find it convenient knowing that you can track your fund performance online. As with most of mutual fund products, Sun Life Prosperity Fund also has an online platform. Registering is procedural and easy.

TIP: I suggest you enroll online. So you can see your fund's performance at a glance. Snap shot of the online portal after the jump!


And lastly, let me leave you with something to think about. -CMK

YOUR FUTURE IS CREATED BY WHAT YOU DO TODAY, 
NOT TOMORROW. -Robert Kiyosaki
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13 comments

  1. Hi whats the website where you can see your fund's performance? Thanks!

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    1. Hi Kristel, when you open a fund Sun Life will give you a user name and temporary password. You need these details to log in to their online portal. Here's the link: http://apps.sunlife.com.ph/services/sharedsunlink/ss_login.asp. :)

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  2. Hi Kristine, thanks for sharing this. I'm on the hunt for MFs that i can access online! Can i redeem or subscribe in Sunlife funds online? Do you know of any other investments that allow online subscription or redemption like ALFM funds @ BPI? Thanks a lot!

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    1. Hi Brenda - what I'm sure of is that we can access our funds online via Sun Life portal. About the online redemption, I believe you should see your advisor since some documents need to be signed. For online funding - that's possible as well. For online redemption - that I'm not too sure as I haven't redeemed mine yet :D

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    2. Hi Kristine? How can I add funds to Sunlife mf online? I really don't want to go to the bank or see my advisor every time I'm adding funds. But I do want invest regularly

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    3. Hello - You can add funds via online banking Startup Mommy! :) They have BDO, BPI, Metrobank among others. Feel free to ask your advisor re: account details for each bank.

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  3. Hi! ask ko lang if pede na through email na lang and hindi snail mail ipadala yun account number? :)

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    1. Hello - I think pwede :-) You can request to receive such via email :D

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  4. Hi mam. 5k lang ba ang shell out mo or meron pang commission fee for the advisor.thanks

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  5. Hi, kaka open ko lang ng SUN Life Mutual Fund. yes 5k lang ang payment ko. then its up to me if mag top-up ako :)

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  6. Hi. how much interest sa MF ng Sunlife? I am planning to invest a minimum amount muna.Thanks!

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    1. Hello :) There's no absolute (sure) returns. I suggest you contact a Sun Life advisor :) Feel free to let me know if you want to meet my advisor - her name is Agnes. She's really good in explaining things. Thanks for your comment! :)

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  7. Hi Kristine, thanks for sharing your experience. May I know Ms. Agnes' contact info? I have some questions I would like to ask prior for me starting an investment with Sunlife, although it's final that I will open an account, it is just that I have few more questions on how the investment works. Thanks :)- Mutya

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