A New Fund to Try - Soldivo

I’ve received a text message from my Mutual Fund broker about the opening of Soldivo Funds on October 8, 2014. At first I was just thinking “Okay another fund to try.” But then it gets serious when one of my friends is willing to try it also. So we decided to place a small amount of money for the initial investment. I also plan to put additional investments monthly to take advantage of the peso cost averaging.

Anyway the fund we are going to open an account with is the SOLDIVO Strategic Growth Fund. Before deciding to put our money in it, I talked to my broker and asked questions below:

Minimum Initial Amount = P5000.00

Minimum additional = P1000.00

How much is the Entry Fee? Not more than 3.36%

How much is the Exit Fee? 1.12%

How long is the holding period? 6 Months

Partner bank for deposits or bills payment? BPI

They don’t have the online payment facility yet but I am hoping and praying and I am positive about it that they will make this improvement since it is easier for investors to just transfer funds online.

For now I am going to issue post-dated checks for my succeeding deposits. It’s much easier that way and of course this method forces me to set aside money.

For more information you can download the Prospectus of SOLDIVO Strategic Growth Fund here.

Happy Investing! J