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
