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 currency||Philippine Peso|
|Minimum initial investment||PhP 5,000.00|
|Minimum additional investment||PhP 1,000.00|
|Buying / Selling price||Based on the Fund’s prevailing net asset value per share (NAVPS)|
|Sales Load Fee||Investment Amount||Sales Load|
|Less than P100,000||1.0%|
|P100,000 to less than P300,000||0.5%|
|P300,000 and above||0.0%|
|Redemption Charge||Retention Period||Fee|
|Less than 30 days||1.0%|
|30 days and beyond||nil|
Interested? Please post your feedback or contact us at 891 2861.