YES! The Securities and Exchange Commission (SEC) approved last June 3, 2009 the public offering of the shares of First Metro Save and Learn Money Market Fund. This mutual fund is classified as low risk, and it seeks good returns through current income by investing in fixed income instruments and securities with short term investment period-less than one year.  The Fund’s investment outlets include government securities, time deposits, short-term deposit agreements, among others. Individuals or institutions may now invest in this money market fund at the current net asset value per share (NAVPS).

Save and Learn Mutual Fund is the 4th mutual fund that belongs to FAMI’s family of mutual funds; the other 3 funds are composed of an equity fund, a bond (or fixed-income) fund, and a balanced fund.

Other details on Save & Learn Money Market Fund:

Base currencyPhilippine Peso
Minimum initial investmentPhP 5,000.00
Minimum additional investmentPhP 1,000.00
Management fee1.00%
Buying / Selling priceBased on the Fund’s prevailing net asset value per share (NAVPS)
Sales Load Fee Investment AmountSales Load
Less than P100,0001.0%
P100,000 to less than P300,0000.5%
P300,000 and above0.0%
Redemption ChargeRetention PeriodFee
Less than 30 days1.0%
30 days and beyondnil

Interested? Please post your feedback or contact us at 891 2861.

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