Advantages of Mutual Fund Investing
Simple Guide to Start a Mutual Fund Investment
Step 1. Goal Setting
Investment goals will guide you what type of mutual fund you need to invest and how much monthly investment you need to achieve your Goal.
What are you investing for?
How much do you need for this goal?
When do you want or need to achieve this goal?
Step 2. Decide and Choose
Decide what Mutual Fund company will you trust to manage your money, also assess your goal and risk appetite in choosing your fund.
Also choose your fund based on your Investment Goals.
Click here to check the top Mutual Fund Companies and some of their managed funds allocation.
Step 3. Prepare the requirements
Copies of two (2) valid id’s are needed, better if one is a government id. Tax identification number (TIN) is also a must.
Additional requirements are needed for government employees and officials; latest two (2) months payroll slip and latest Statement of Assets and Liabilities Networth (SALN). Lastly, the initial investment this differs from the type of Mutual Fund. Majority of mutual fund companies offers for as low as P5,000.00.
Step 4. Build a Habit
Build a habit of investing, best potential growth in mutual fund is when done with regular investing. Monitoring of investment in mutual fund are through Statement of Accounts or Online Investor Account of the Mutual Fund company. Minimum top-up/additional investment is at least P1,000.
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