If for example I invest Php10,000.00 on mutual fund, do I need to pay that kind of amount every month until I stop investing on it?

Tags: mutual funds

5 Responses to “If for example I invest Php10,000.00 on mutual fund, do I need to pay that kind of amount every month until I stop investing on it?”

1. Fitz says:

   February 2, 2012 at 12:45 am

   Nope. You can just do it once. And then wait until you want / need the money before redeeming your investment from the mutual fund company – just make sure the value of your investment is higher than when you bought it. 😀

2. abby says:

   February 2, 2012 at 9:55 am

   Usually walang subsequent investment sa mutual fund..like in my case, sa sunlife 5K lang ung investment ko..pero they gave me options on whether i-lock up sya for 5 yrs or ipa-liquidate sya.

3. MFP says:

   February 18, 2012 at 9:02 am

   Nope. It is your choice whether to make additional investments or not. In most mutual fund companies here in the Philippines, the minimum additional investment amounts only to 1k

4. futuretaipan says:

   March 11, 2012 at 8:25 pm

   Nope – pwedeng 1 time lang na 10k; pwede rin na mag top up ka ng other amount monthly, quarterly, yearly…

5. Rico Mossesgeld says:

   March 15, 2012 at 8:29 pm

   Like what everyone else has said, there’s no need to keep putting money into a mutual fund. You just have to worry about any fees if you withdraw your funds from it early.

   Your question reminds me about a post I wrote around two years ago. Basically, the point was, since mutual funds can potentially earn more than savings and even time deposit bank accounts, the chances for long-term earnings are greater if you regularly put money into a fund.

   http://rico.mossesgeld.com/2010/08/quit-smoking-how-much-money-ill-save/

   The caveat: you have to watch how the fund performs closely, so that you’ll know when to put money in, or withdraw it to limit your losses.