Need Guidance in Phil Stock Market and Be Blessed? Sign-up now!!!

GodWhispersClub.com52 Healing Habits Program of Bro Bo SanchezJoin the Truly Rich ClubJoin

Share This!

Friday, June 3, 2011

BPI Express Online: Mutual Funds and UITFs Now are available online

BPI Express Online: Mutual Funds and UITFs Now are available online

"It's more than how your assets perform at maximum. It's how certain." - BPI Asset Management.

More than a month ago, BPI Asset Management, the company that handles BPI's Mutual funds and Unit Investment Trust Funds (UITFs), announced that on their 160th anniversary, they are giving us 24/7 transactional online investing!

True enough, you can now subscribe and redeem Mutual Fund shares or UITF units through BPI Express Online ( It was just introduced last month and BPI hasn't actually announced it to its subscribers. It's still on a "soft start" but it already looks very promising. Read on to know more about this new feature.

In their ad, BPI had this to say - "Building wealth is now made easier than ever with the only full transactional online investing facility of its kind. It's no longer just about monitoring your investments, it's now about taking advantage when an opportunity arises - allowing you to transact online - anytime, anywhere without having to visit your branch."

You can open an investment fund account for only Php 10,000. And you can start building your wealth through a wide range of investment funds for as low as Php 1,000 through BPI's Regular Subscription Plan.

The Regular Subscription Plan (SRP) is an investment program that allows you to nominate a regular subscription amount for purchase of units/shares on a periodic basis, either on a monthly or quarterly basis. Aside from this, you can also do the following through BPI Express Online:

- Subscribe or Redeem BPI UITF units
- Subscribe or Redeem ALFM Mutual Fund shares

- Update your Risk Profile

- Apply for an Investment Account

- Revise Regular Subscription Plan details.

I haven't tried subscribing or redeeming my UITF or Mutual Funds placements through this new facility. However, I think the same rules regarding cut off time applies. Transactions made before cut off time (12nn) are processed on the same day while transactions made after the cut off time and transactions done on a non-banking day are considered as next-banking day transactions.

Unlike availing through your bank's branch, the online system will only allow you to invest on UITFs or Mutual Funds that matches or are of lesser risk category compared to your Risk profile. Please check out the list of BPI investments with their corresponding Risk Category on the picture below.

In order to be able to invest on UITFs and Mutual Funds with higher risk categories, you must first update your Risk Profile. It's fairly easy to do. All you have to do is answer a few questions through the site. Another way to do this is to go to your bank manager and he/she will ask you to sign a waiver form allowing you to invest on funds with a higher risk categories compared to your risk profile.

Applying for an investment account through the site will take you through a step-by-step guide on the requirements needed to open an account. The site will take you through entering your personal details, indicating your settlement account, taking your risk profile, a client suitability and assessment test, and finally the Participating Trust Agreement and Risk Disclosure sections. This part however, can't be completed through online transactions alone. You will have to print out the final form and bring this to your selected BPI branch for final processing. After you've opened an account though, the rest can be done online.

BPI Asset Management is truly stepping up their game. After purchasing the Trust department of ING, they seem to be continuously improving their system now and providing more value to their clients. Recently, they even launched a new site,, with lots of valuable information for their investors. 

They've consolidated a lot of news and information for their investors into this one site. You can tell that it's still on a trial operation period though as the information, especially for the daily news and updates, are still not updated regularly. Regardless, it looks very promising and I'm loving BPI because of it. Now, if only they can improve their stock trading platform, BPI Trade, then they would truly be another step closer to perfection.

Can't wait to try out this new system!

Next to read...
What is Unit Investment Trust Fund or UITFs?

Related post

No comments:

Post a Comment

Need Guidance in Phil Stock Market and Be Blessed? Sign-up now!!!

GodWhispersClub.com52 Healing Habits Program of Bro Bo SanchezJoin the Truly Rich ClubJoin
Related Posts Plugin for WordPress, Blogger...