How to Open a Mutual Funds Account with Sun Life

0

Sun Life Mutual Funds

Opening a Sun Life Mutual Funds Account is easy. All you need is: TIME, MONEY and KNOWLEDGE. Assuming that you have time to grow your money and funds to meet Sun Life Asset Management’s minimum amount, you need to know the basic FAQs to open an account.

Sun Life Prosperity Funds

Choose which fund you’d like to invest your money in. Each fund has their own professionally trained fund managers who will take care of your money. The most popular funds are the Equity, Balanced and Bond Fund (peso denominated) and Dollar Abundance and Dollar Advantage (dollar denominated) Funds.

ADVERTISEMENT - CONTINUE READING BELOW

Information taken from Sun Life Financial Website (www.sunlife.com.ph)

Sales Load/ Fees/ Charges

Are you familiar with front-end or back-end sales load? How about trust fees in your bank? Every financial institution has a form of charge or holding period. Know your sales load options.

OPTION A: NO HOLDING PERIOD

You may withdraw your funds anytime without back-end charges. However, your initial investment will be charged upfront. Charges would depend according to the amount invested. Please view file below:

Information taken from Sun Life Financial Website (www.sunlife.com.ph)

Information taken from Sun Life Financial’s Website

ADVERTISEMENT - CONTINUE READING BELOW

OPTION B: NO FRONT-END CHARGES

but with 5 year holding period. Option B does not deduct ANY front-end charge to your investment.

Share.

About Author

Money Monkeys

Money Monkeys seeks to educate Filipinos on finance, entrepreneurship, and the rising fintech innovations. We provide easy to digest articles with the aim of raising financial literacy, cultivating a growth mindset, and harnessing the spirits of fellow entrepreneurs.

Comments are closed.

error: For viewing only