Sun Life Mutual Fund Auto-Invest/Autodebit Program through BDO and BPI

Mutual Funds

SLAMCI-AutoInvestExisting and future Sun Life mutual fund investors will have easy way to add more funds to their accounts. Now, they can automatically set their BDO savings/current and BPI savings/current accounts to transfer money (minimum 1000 pesos) to their existing Sun Life mutual fund regularly (choose from every month, every quarter or every 5th and 20th of the month).Once they set this up correctly, they don’t need to do anything but just ensure that there is adequate amount in their savings account for the money transfer to be successful. Right now, Sun Life has partnership with BDO and BPI for  this auto-invest program but the  company is working to add more partner banks in the future. I’ll update this post regularly to inform you what banks are added in the program.

How To Enroll (BDO)

  1. Download, print and fill out the 2 required forms: a) Autodebit Service Enrollment form b) Sun Life Prosperity Funds Auto-Invest Enrollment Form  . The forms are also available in any Sun Life customer center or through your mutual fund agent. Accomplish three copies each.
  2.  Submit the forms to your mutual fund agent or to any Sun Life customer center/office and you are done. Do not submit through your bank branch as they will not process it. You will be notified through SMS and/or email once the account is successfully enrolled. You will also  SMS and/or email notification for each successful subscription of mutual fund shares.

Note: Three unsuccessful attempt due to unavailability/insufficiency of funds in your savings account will terminate your auto-invest enrollment. If you wish to terminate the enrollment voluntarily, you just need to fill out the autodebit service cancellation form and the BDO Cancellation form. Submit the forms to your agent or to any Sun Life customer center nationwide.

How To Enroll (BPI)

  1. Download, print and fill out the 2 required forms: a) Autodebit Service Enrollment form b) Sun Life Prosperity Funds Auto-Invest Enrollment Form  . The forms are also available in any Sun Life customer center or through your mutual fund agent. Accomplish three copies each.
  2.  Submit the forms to your mutual fund agent or to any Sun Life customer center/office and you are done. Do not submit through your bank branch as they will not process it. You will be notified through SMS and/or email once the account is successfully enrolled. You will also  SMS and/or email notification for each successful subscription of mutual fund shares.

Note: Three unsuccessful attempt due to unavailability/insufficiency of funds in your savings account will terminate your auto-invest enrollment. If you wish to terminate the enrollment voluntarily, you just need to fill out the autodebit service cancellation form and a cancellation letter to BPI. Submit the forms to your agent or to any Sun Life customer center nationwide.

Amendment Form

If you wish to increase your regular investment or you want to amend the frequency of your autodebit schedule or change your enrolled bank account, you may fill out the Amendment form and submit to any Sunlife customer center or your agent.

Who are eligible to enroll in the program?

The Auto-Invest program is open to all existing account holder of any of the six (6) participating Sun Life Prosperity Funds, who are depositors of our partner bank:

1. Sun Life Prosperity Philippine Equity Fund
2. Sun Life Prosperity Philippine Stock Index Fund
3. Sun Life Prosperity Balanced Fund
4. Sun Life Prosperity Bond Fund
5. Sun Life Prosperity GS Fund
6. Sun Life Prosperity Money Market Fund

Advantages of this Auto-Invest Program

There are a number of benefits in auto-investing:
• Peso cost averaging – Small investments over time will allow you to benefit from the market movement (volatility).
• Automatic contribution schedule – This feature compels you to invest regularly. Force saving/investing is one of the keys for financial freedom and wealth accumulation.
• Earning from excess cash – This facility allows you to invest a portion of your excess cash, and prevents you from spending all of your disposable income. Invest first before you go shopping not the other way around.
• Cashless transaction – You will enjoy the convenience of online banking by using the automatic debit facility of your bank. No monthly bills, no fund transfers, no queuing. Spell CONVENIENT!
• Free and safe online service. – This on-line service is free of charge. However, standard fees for early redemption apply. (Take note of back end sales load).

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Raymund F. Camat, CIS, REB, CWP®, CEPP® is a SEC-Certified Investment Solicitor (CIS), Certified Wealth Planner and Certified Estate Planner, Phils. He is also a licensed insurance and mutual fund advisor for Sun Life Financial. He wants to educate the Filipino public on the importance of financial planning, investment planning, wealth planning and estate planning. He offers Personal and Family Wealth Planning to Filipinos from different generations. He has a bachelor's degree from the University of the Philippines. You can reach him at 09179698062 (Globe/TM/ABS-CBN/Viber), 09392787408 (Smart/TalkNText/Sun Cellular), (02) 508-9025 (Landline) or email him at raymund.camat@moneytalkph.com. For OFWs, he also conduct online video consultation through Skype, Viber or FB Video Call. ________________________________________ DISCLAIMER: This website reflects only the views and opinions of Raymund F. Camat and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisors/agents and the employees of any life insurance or investment company.
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