BDO UITF Easy Investment Plan Written By Maginvest Tayo on Wednesday, January 1, 2014 | 2:07 AM Let me start Year 2014 by giving you wonderful advise on how you can start your Year right. January is the most important Month of the Year for me because on this month, we build our dreams, our goals, and we plan how we see our self for the entire year. Unfortunately, Most people plan only for the entire year. There is nothing wrong about that But, if your dream is to become Rich and Wealthy, you need to plan Long Term. Because Wealth is not created over night. Not Even a Year! It takes alot of small but repeated task of accumulating and multiplying your savings. You need to build the Habit within you. Honestly, it is not how much capital you have, It is the habit that makes you Wealthy. Building Wealth is not an easy job and Time is also needed and the most important thing you need. As I have emphasized in my recent blog Magimpok. Mamuhunan. Magretiro and IPON o INVEST. Alin nga ba, You need to Save and Invest to be able to Retire happily and enjoy life. One Product in the Philippine Market that can assist you to Multiply your Savings is BDO UITF Easy Investment Plan (EIP). BDO Easy Investment Plan (EIP) offers option on where you will invest your savings. They have the following Unit Investment Trust Funds (UITFs) available through the EIP: * BDO Peso Money Market Fund (PMMF) * BDO Peso Fixed Income Fund (PFIF) * BDO Peso Balanced Fund (PBAL) * BDO Equity Fund (EQUITY) With BDO UITF, the Investment Amount Starts at Php1,000.00 per contribution per month for all UITFs with the EIP feature except for the BDO Peso Money Market Fund (PMMF), which starts at Php 10,000.00. And to help you build the habit, You can choose the Frequency and Schedule of your contribution to Once a month (5th, 10th, 15th, 20th, 25th or 30th) or Twice a month (5th & 20th, 10th & 25th, or 15th & 30th) They have even designed it to be convenient for you. You can settle your account thru Auto debit from any BDO Savings/Checking/Payroll account maintained with any BDO branch. The Benefits to Clients are the following: Automatic Savings and Investments The EIP makes saving and investing automatic through its auto-debit facility. It enables a participant to regularly set aside funds for immediate investment in his chosen UITF/s. Convenience Enrolment can be done in any of the BDO branches nationwide. Flexibility The EIP is multi-purpose since it can be used for a variety of a participants major projects. This is unlike private and government pension funds and pre-need and insurance funds which can be withdrawn/distributed only upon retirement, disability or death. Affordability The EIP is affordable as it can suit the budget of the participant. An EIP participant can choose any amount per contribution (starting at Php1,000.00 for all UITFs with EIP feature except for the PMMF which starts at Php 10,000.00) for investment in his chosen UITF. Professional Fund Management The client will gain access to the services of BDO professional fund managers who keep constant watch over the BDO UITFs. Cost Averaging The EIP enables the participant to benefit from peso cost averaging, a time tested personal wealth-building strategy wherein fixed amounts of investment in regular intervals over a period of time allow an investor to average his costs. This allows the participant to invest without having to constantly monitor the market. Anytime is a good time to invest! Opening an InvestmentAccount is very easy. You just need to visit any of BDO Branches nationwide and submit the following Documents: One (1) EIP Application Form which includes the EIP Terms and Conditions and Automatic Debit Arrangement Form One (1) set of UITF Customer Account Record One (1) set of Signature Card Account Opening Kit: Investor Profile Questionnaire (IPQ) Client Investment Suitability (CIS) Risk Disclosure Statement (RDS) Declaration of Investor/s Omnibus Participating Trust Agreement One (1) 1 X 1 picture Photocopy of two (2) valid IDs - BDO Easy Investment Plan Saving is, and always will be, the foundation of any fortune. It is secure, risk-free and readily accessible. But saving alone is not enough to make your money grow. You should also invest. This means taking some risks, but the rewards are higher. When you save and invest, your money has the power to grow faster. With this in mind, BDO Trust and Investments Group developed the BDO Easy Investment Plan (EIP), an investment scheme that enables you to attain your financial goals and financial wellness through the twin habits of regularly saving and investing. It incorporates what investment experts consider to be the best, tried and tested principles that make a successful saving and investment plan and provides a solution to counter the major obstacles to saving and investing. Client Suitability The EIP is for individuals who wish to have a medium to long-term saving and investment plan so that they can achieve their financial goals and financial wellness at some future time. The investor profiles of these individuals should show that it is suitable for them to invest in the UITF product they selected as investment/s for their EIP funds. Product Features UITFs AVAILABLE VIA EIP BDO Peso Fixed Income Fund (PFIF) BDO Peso Balanced Fund (PBAL) BDO Equity Fund (EQUITY) INVESTMENT AMOUNT Starts at Php 1,000.00 per contribution per month. FREQUENCY AND SCHEDULE OF CONTRIBUTIONS 1x a month / 2x a month (5th, 10th, 15th, 20th, 25th, 30th) SETTLEMENT ACCOUNT Auto debit from any BDO Savings / Checking / Payroll account maintained with any BDO branch. ISSUANCE OF EVIDENCE OF PARTICIPATION Every time the market value of your investment reaches at least Php 10,000.00 on a contribution date, your investment will be issued a Confirmation of Participation (COP). NON-COMPLETION FEE 0.50% of original contribution amount CUT-OFF FOR ENROLLMENT At least four (4) banking days before the desired first contribution date DOCUMENTARY REQUIREMENTS EIP Application Form plus the UITF documentary requirements Benefits of Investing via the EIP Automatic Savings and Investments The EIPs auto debit facility regularly sets aside funds for immediate investment. Convenience Enrollment can be done in any of the BDO branches nationwide. Meet your Financial Goals Allows you to effectively save and invest to meet your financial goals, i.e. childrens education, family vacation, retirement etc. Affordability Invest for as low as Php 1,000 per month. Professional Fund Management Gain access to the services of BDO professional fund managers who keep constant watch over the BDO UITFs. Financial Planners Best Advice The EIP enables you to benefit from a time-tested personal wealth-building strategy recommended by financial planners. This is known as Cost Averaging, wherein fixed amounts of investment in regular intervals over a period of time allow you to average your costs and effectively diversify your risks over time. This also enables you to invest without having to constantly monitor the market. Documentation Easy Investment Plan (EIP) Documentation: One (1) EIP Application Form which includes the EIP Terms and Condition and Automatic Debit Arrangement Form One (1) set of UITF Customer Account Record One (1) set of Signature Card Account Opening Kit: Investor Profile Questionnaire (IPQ) Client Investment Suitability (CIS) Risk Disclosure Statement (RDS) Declaration of Investor/s Omnibus Participating Trust Agreement One (1) 1 X 1 picture Photocopy of two (2) valid IDs
Posted on: Sat, 01 Feb 2014 07:27:19 +0000
Trending Topics
Recently Viewed Topics
© 2015