1. Who may invest via Auto-Invest?
Existing SLAMCI clients who are accountholders of participating banks can make additional investments in peso-denominated Sun Life Prosperity Funds through Auto-Invest. Standard SLAMCI terms and conditions apply.
By enrolling in this facility, funds will automatically be transferred from one’s bank deposit account to his SLAMCI investment account.
2. Which Funds are available via Auto-Invest?
The following Funds are available via Auto-Invest:
- Sun Life of Canada Prosperity Bond Fund
- Sun Life of Canada Prosperity Balanced Fund
- Sun Life of Canada Prosperity Philippine Equity Fund
- Sun Life Prosperity Peso Starter Fund (formerly Money Market Fund)
- Sun Life Prosperity GS Fund
- Sun Life Prosperity Philippine Stock Index Fund
- Sun Life Prosperity Achiever Fund 2028
- Sun Life Prosperity Achiever Fund 2038
- Sun Life Prosperity Achiever Fund 2048
- Sun Life Prosperity World Equity Index Feeder Fund
3. How often can I invest through Auto-Invest?
Investments can be made monthly or quarterly on the 5th or 20th day. Funding must be available at least a day before subscription date (i.e. account will be debited on the 4th or 19th for subscription the following day). Should the subscription schedule fall on a weekend or holiday, the transaction will be moved to the next banking day.
4. What is the enrollment cut-off?
Enrollment cut-off is every 1st day of the month. Enrollments received after the cut-off will be processed the following month.
a. For investments scheduled every 5th – If the enrollment is done within the cut-off, the first subscription will be on the 5th of the following month. The investor’s bank account will be debited a day prior.
b. For investments scheduled every 20th – If the enrollment is done within the cut-off, the first subscription will be on the 20th of the same month. The investor’s bank account will be debited a day prior.
5. What is the minimum amount accepted for Auto-Invest?
Bank
|
Fund
|
Amount
|
BDO
|
World Equity Index Feeder Fund*
|
PHP 1,000
|
All other peso-denominated funds
|
PHP 1,000
|
BPI
|
Peso Starter Fund (formerly Money Market Fund)
|
PHP 500
|
All other peso-denominated funds
|
PHP 1,000
|
Metrobank
|
Peso-denominated funds
|
PHP 1,000
|
Security Bank
|
Peso-denominated funds
|
PHP 1,000
|
* Minimum initial investment for the Fund is Php 10,000.
6. What happens when my funds are not sufficient?
Investors whose bank deposit accounts are not sufficiently funded will be notified via SMS and/or email. After three (3) unsuccessful attempts to collect, subscription to the Auto-Invest facility will be cancelled.