Frequently Asked Questions
The required initial investment to open a new account is Php5,000.00 for every peso-denominated fund.
Additional investment thereafter is a minimum of Php 1,000.00 for every peso-denominated fund.
You may add to your investments daily, weekly, monthly, quarterly, etc.
There are three kinds of fees when you invest in a fund.
- The Management Fee is already computed in the Net Asset Value Per Share (NAVPS).
- The Sales Load is charged for every subscription or investment you make in the fund. This is based on how much your subscription is.
- The Exit Fee is a fee charged to investors when they redeem partially or fully within a certain period from the date of investment.
Mutual Funds are not deposit instruments. Therefore, gains from mutual funds are not guaranteed.
The NAVPS are net of tax.
Mutual funds are invested in baskets of securities that vary depending on the type of fund.
Mutual funds do not have maturity periods which mean that the shareholders can actually sell their shares on any banking day.
Most mutual funds however, charge exit fees for short-term investors, and this may vary from fund-to-fund.
A mutual fund is a company where investors with the same financial objective and risk profile pool together funds and invest in various securities such as equities or fixed income. The fund is professionally managed by a portfolio manager who selects the securities , determines the appropriate asset class mix and is watchful of the market to maximize opportunities and optimize returns. Investors are considered shareholders of the mutual fund company. Any gains or losses accruing to the fund shall be shared among the shareholders.
Mutual funds must calculate the price of their shares every business day. This price is called the Net Asset Value per Share (NAVPS) and First Metro Asset is required to publicly disclose this for transparency with our customers. This same price is used for both subscription and redemption transactions.
- First Metro Save and Learn Money Market Fund
- First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund
- First Metro Consumer Fund
- First Metro Save and Learn Equity Fund
- Professional Management
- Diversified
- Liquid
- Transparent
- Potential for higher returns
- Affordable
Sales load refers to the charge or commission on the cost of acquiring the shares of an Investment company.
The Exit Fee is a fee charged to investors when they redeem partially or fully within a certain period from the date of investment.