Open a New MF Account

How to Open a Mutual Fund Account with Sun Life?


Here are the procedures in opening a Mutual Fund Account with Sun Life

Ready to open a Mutual Fund Account with Sun Life? Fill up this form and we will immediately contact you.

1. Know the Type of Fund - what type of Mutual Fund is best fit for your Risk Tolerance and Investment Horizon. Here are the different types of mutual funds of Sun Life you can choose from with their corresponding Objectives, Risk Profile Type and Minimum Investment.
Type of Fund What’s My Objective? Where will my money go? Risk appetite Minimum Initial Investment? Minimum Additional
Money Market Fund I just want to leave my cash for a short period of time and earn from it, too. This Fund invests in special savings accounts Very Conservative Php 100 Php 100
GS (Government Securities) Fund I want my money to earn but my investment should be kept intact. This Fund invests mainly in government debt Conservative Php 1,000 Php 1,000
Bond Fund I want my money to earn but my investment should be kept relatively stable. This Fund invests in government and high-quality corporate debt Moderately Conservative Php 1,000 Php 1,000
Balanced Fund I want my money to earn more and I can afford to lose some of my investment for higher return This Fund invests in a mix of  high-quality debt and equity securities Somewhat between conservative and risky Php 1,000 Php 1,000
Dynamic Fund - No longer accepting new investments Using a tactical asset allocation approach, I want to maximize the potential of my money through an aggressive fund that has the flexibility of switching to a defensive strategy during bearish market conditions This Fund may invest in potentially higher yielding equity and/or debt securities I have a moderate to high risk appetite Php 50,000 Php 10,000
Philippine Equity Fund I want to maximize the potential of my money for  higher return over the long term  This Fund invests mainly in  high-quality equity securities I believe in the saying, “high risk, high return” Php 1,000 Php 1,000
Philippine Stock Index Fund I want my money invested in a broad diversified portfolio while tracking the performance of the Philippine Stock Exchange Index (PSEi)  The Fund invests in securities that constitute the PSEi at their index weights. I have a high risk tolerance. Php 1,000 Php 1,000
Dollar Abundance Fund I want to invest my US dollars to preserve it. This Fund invests in foreign-denominated government and high-quality corporate debt Conservative USD 1,000 USD 200
Dollar Advantage Fund I want to invest my US dollars and I can afford to lose some of my investment for higher return This Fund invests in a mix of  high-quality debt and equity securities I’m somewhat between conservative and risky USD 1,000 USD 200

2. Know the Sales Charge - Is it Front End Load (A) or Back End Load (B)?


All mutual funds in the Philippines have compulsory sales loads/fees ranging from 2%-5.6%. Only Sun Life has the option to choose whether you will be charged or none at all.

Below are the Sales Load / Fees of Sun Life depending on the options you choose.
If you choose Front End (A), the corresponding fees apply - no more exit fees.
If you choose Back End (B), no sales load/ fees upon entry. You will only be charged when you redeem or withdraw your money depending on the duration it was invested.

Front End (A)
Sales Load Rate (Excluding VAT)
PESO FUNDS
Less than P100k2.00%
P100k to less than P1M1.50%
P1M to less than P5M1.00%
P5M and up0.50%
DOLLAR FUNDS
Less than $2k2.00%
$2k to less than $20k1.50%
$20k to less than $100k1.00%
$100k and up0.50%

Back-End (B)
Redemption onBACK-END Load Rate(Excluding VAT
1st year5.0%
2nd year4.0%
3rd year3.0%
4th year2.0%
5th year1.0%
Beyond 5 yearsNone

3. Is it Individual, Joint or In Trust For Account - Just like a bank account, you can have a co-investor in case of Joint Accounts. You my also use In Trust For if it's for your children below 18 years old. Idea is that once they become 18 years old, they can take over the account.


Requirements in Opening a MF Account with Sun Life

Opening a mutual fund account with Sun Life is very easy. You just need to fill up and submit the following: (click to download each)
  1. Investor Information Form –  Basic details about the Principal Investor, Co-Investor (if applicable) or Company / Institution. Included also in this form is the signature card (3 signatures) just like when opening an account in a bank.

  2. Investor Profile Questionnaire – Set of questionnaires to determine if you’re a conservative or aggressive investor.

  3. Order Ticket (Initial Investment) – As compared to depositing to your account in the bank, this is the deposit slip.
  4. Submit a Photocopy of your ID (government issued ID’s preferred). In case of ITF Accounts (In Trust For), a copy of the child's Birth Certificate and ID will also be needed.

  5. Initial investment – minimum of P5,000 if Peso Account, P50,000 if Dynamic Fund or minimum of $1,000 if Dollar Account. You may pay in cash or check (payee is SLAMC or Sun Life Asset Management Company, Inc.). In case you want to put bigger amounts, you may deposit it directly to Sun Life Asset Management Company, Inc’s account (details below) and submit the deposit slip along with your application form.(More details on Page 2 of Order Ticket (Initial Investment).

    Account Name:
     Sun Life Asset Management Company Inc.

    Accredited Banks Account No. Charges
    PESO DENOMINATED FUNDS
    Banco de Oro 046-004225-4
    Bank of the Phil. Islands 0073-1798-07
    Citibank 5-602714-022
    HSBC 000-270579-070
    Land Bank 1801-0249-00
    Maybank 01-059-003283-8 With charges for deposits outside Metro Manila
    Metrobank 066-3718-10691-6 Cash deposits, with charges outside Metro Manila
    Phil. National Bank 264-522191-8 With charges for deposits outside Metro Manila
    RCBC 3-001-00840-3
    Security Bank 0514-020724-200
    Standard Chartered 014-0953811-004
    UCPB 104-165963-8 With charges for each additional deposit slip
    DOLLAR DENOMINATED FUNDS
    Banco de Oro 046-006383-9 Minimum of 7 banking days clearing. No charges
    Bank of the Phil. Islands 1624-0061-07 No clearing. With bank charges on US$5,000 and above*
    Citibank 5-602714-057 No clearing. No charges.
    Deutsche Bank 1204-668-305 No clearing. No charges.
    HSBC 001-095603-130 No clearing. No charges.
    Maybank 01-759-000153-0 Minimum of 7 banking days clearing. No charges
    Metrobank 066-2066-10860-5 15 days clearing. With bank charges on US$5,000 and above*
    Phil. National Bank 264-707757-1 Minimum of 10 banking days clearing. With charges for deposits outside Metro Manila
    RCBC 8-001-00967-3 No clearing. No charges.
    Security Bank 0514-020724-201 No clearing. With bank charges on US$5,000 and above
    Standard Chartered 905-5349103-349 No clearing. No charges.
    UCPB 01-104-300835-0 15 days clearing. No charges.

    Important Reminders

    • Local cheques will be subjected to 3 banking days clearing, while regional cheques shall clear after 7 banking days. Out-of-town cheques will clear after 31 banking days.
    • Investments made through fund transfer are subject to bank charges.
    • Investment made through PDDTS or wire transfer are subject to bank charges.
    • All cheque dollar investments are subject to a minimum of 21 to 31 banking days clearing and bank charges.

Note: We’ll need a total of 3 signatures
  • 1 signature in Investor Information Form (if individual)
  • 1 signature in Investor Profile Questionnaire
  • 1 signature in Order Ticket (initial)


 Things to Remember on the Order Ticket (Initial Investment)

  • Fund Name – Which fund are you investing in? Is it Equity Fund, Balanced, Bond, Money Market, GS Fund, Dollar Abundance or Dollar Advantage
  • Source of Funds – Don’t forget to check from which the funds came from
  • Fees / Sales Charge / Sales Load – On the “Sales Load” part, put in either A for “Front End” or B for “Back End”
  • Type of Payment – check the checkbox if it’s Cash, Check (payable to Sun Life Asset Management Co. Inc.)  or TT (Telegraphic Transfer)
  • Signature(s) – Don’t forget to affix your signature

Why Invest in Sun Life?

The answer is very simple and straightforward. Sun Life is the only mutual fund company in the Philippines that has the option where you will not be charged (thru Back End Option).

Yes, Sun Life may not be the best performer in terms or returns (check www.pifa.com.ph).
But if you’ll deduct the compulsory front-end sales load from the top 3 leading MF (fees ranging from 2%-5.6%), you’ll notice that Sun Life is the top net performer among the local mutual fund companies here in the Philippines. – will make a post comparing the different sales load fees of different mutual funds later.

Sun Life Financial is the only company in the Philippines offering a "family of funds". Unlike other mutual fund companies in the Philippines, Sun Life Financial allows its investors to transfer their placements between the Sun Life Prosperity Funds as much as four times a calendar year, without being subjected to any charges or fees. This is because Sun Life Financial believes that investors' needs change over time, and that they should not be penalized for shifting from one fund to another, if so dictated by their prevailing investment requirements. This is part of Sun Life Financial's objective of becoming a total financial services company that is responsive to people's needs.

In case you're interested to open an account - you may simply fill up the form below


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