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BPI Mutual Funds and UITFs Now Available Online

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

A couple of days 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 (www.bpiexpressonline.com).  It was just introduced a couple of weeks back 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.  This is similar to BDO's Easy Investment Plan (EIP).  Aside from this, you can also do the following through BPI ExpressOnline:
  • 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.

BPI Investment Products and risk category - Click on the image for a larger view

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.