Frequently Asked Questions
Getting Started
What is mutual fund?
What is UITF?
What is Nvestmo?
What are the benefits of a mutual fund/UITF?
Who can invest?
What is the role of Affinity Capital in the investment process? What will happen to my investment in case of an unforeseeable event to the company?
Investing with Affinity
How can I Invest?
How much is the minimum and maximum amount I can invest?
How long is the maturity period of my investment?
Will my investment lapse or expire if I cannot invest monthly or regularly?
How do I make my first investment?
Can I make a regular investment, say monthly or quarterly? And how much is the minimum amount?
What time should I submit my investment order?
How long does it take for my funds to be invested?
Do I get proof of my subscription?
How can I remit or transfer my investment deposit?
Fees and Redemption
What are the charges when I invest?
How much is the maintaining balance?
Is there an exit charge?
Are Mutual Funds and UITF taxable?
When is the cut-off period for subscription and redemption of funds?
How do I fund my investment?
How do I redeem my investment?
How long does it take me to receive my redemption or withdrawal proceeds?
What are the minimum maintaining balance and minimum withdrawal amount?
Fund Manager
Can I instruct the Fund Manager what stocks or assets to buy or sell?
Can the Fund Manager run away with my money?
Reports
Do I get proof of my subscription?
How do I open my Transaction Confirmation Advice- Investment/ Redemption/Fund Switch?
Do I receive fund performance update?
How do I open my Fund Performance Report?
Fund Switch
How can I Fund Switch?
HHow much is the minimum amount to fund switch?
Can I switch two funds at the same in one transaction?
Can I switch funds from one Investment Company to another Investment Company?
Can I switch one fund to two or more funds?
Can I fund switch from a peso fund to USD fund or USD fund to peso fund?
Others
Can there be more than two (2) people in an investment account?
Can I lose money in Mutual Funds and UITFs?
Does Phil Deposit Insurance Corp. cover my investments?
In case of death of the investor, what would happen to my account?