My Mutual Fund – First Metro Save and Learn Equity Fund
Posted by tagabacolod on July 22, 2007
Last year, I made my first mutual fund purchase.
It was with the First Metro Save and Learn Equity Fund (FMSALEF).
I started small, just placing a little over their minimum of Php5,000. I had saved up Php6,000 from my minimal workers salary for the first 4 months in my job. It was really teeny-tiny since after the 2% sales load, I was left with Php5,880 to invest, but I was really excited with it. Anyway, that money bought me 3,990 shares at 1.4735 NAVPS (Net Asset Value Per Share).
I have made subsequent purchases of SALEF after that. As of last Friday, June 20, the NAV for SALEF was pegged at 2.3544 per share. My Php6,000 is now worth Php9,394.05. That’s 56.6% return after a year and a month. 
Not bad, really. Considering a time deposit would give me only 3.5%.
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Important:
I am not directly affiliated with First Metro Investment Corporation. If you want to get more information about their products, you can visit their website at www.fami.com.ph.
Cheers!
aileen said
Hi,
I’m also planning on investing in First Metro funds. Are you a first time investor when you invested in them? How long before you received your certificate of stocks? How long is the process? Hope you can share more on this. Thanks! God bless!
edzmaya said
Hi aileen!
Yes I was a first time investor when I invested in SALEF. I deposit my investments in the SALEF bank account in Metrobank (near my office).
They mail me my confirmation receipts (serves as the “certificate of stocks”) as regular post (company policy – to cut on cost?) so I recieve it around two weeks after. But if you do your transactions in their office, they will give you your confirmation receipt same day.
For me, it takes around an hour to complete the transaction. That includes walking to the bank, waiting for my turn, walking back to the office, and faxing/emailing them copies of my deposit slip and investment forms.
Then, I have to mail them the originals after.