Regular Subscription Plan Frequently Asked Questions (FAQs)

Regular Subscription Plan Frequently Asked Questions (FAQs)


A. Overview

 

1. What is the Regular Subscription Plan (RSP)?

 
The Regular Subscription Plan is an investment program that allows you to nominate a regular contribution amount for the purchase of units/shares for your Investment Fund/Mutual Fund account on a periodic basis, either on a monthly or quarterly basis.
 

2. What are the benefits of RSP?

 
Aside from the usual advantages derived from investing in the BPI Investment Funds/Mutual Funds, RSP offers the following additional benefits:
 
a. Higher returns. By enrolling your Investment Fund/Mutual Fund account into the RSP, a regular contribution amount is debited from your BPI/BPI Family Savings settlement account on a periodic basis, say on a monthly or quarterly basis, for the purchase of units/shares based on the prevailing price. This build up strategy allows you to average your acquisition cost.
 
b. No market-timing needed. Because additional investments are automatically programmed regardless of the movements in the market, there is no longer any need to analyze market information before deciding when to invest. Gathering the relevant information necessary to time the market is being done by the Fund Manager for you. Quantitative studies conducted abroad have proven that while the age-old advice to buy low and sell high is simple and obvious, a client’s very unsystematic behavior leads many to do the opposite. It is advised, therefore, that the best course of action is to invest regularly and to stay invested.
 
c. Convenience. You don’t need to visit a BPI branch/ BPI Family Savings branch/ MF distributor to buy units/shares of participation since contributions are programmed and electronically processed depending on the schedule that you have identified.
 
d. Control. You retain control over your investments since you determine the dates of contribution and the regular contribution amounts for the RSP. Moreover, you may stop and re-start the RSP any time.
 
e. Affordability. With low minimum initial and additional contribution amounts, you can now start building your investment portfolio!
 

3. Can I have different RSP set-ups for one fund?

 
Yes. You may have different RSP set ups for one fund.
Example:
You may have 1 monthly and 1 quarterly RSP set up for one fund running simultaneously.
You may also have 2 monthly RSP set-ups (different dates) running simultaneously.
 

4. What funds will be made available for RSP?

The RSP will be made available for the following Investment Funds:

BPI Investment Funds Odyssey Funds
Philippine Peso-Denominated Funds
BPI Short Term Fund Odyssey Peso Medium Term Bond Fund
BPI Premium Bond Fund Odyssey Peso Bond Fund
ABF Philippines Bond Index Fund Odyssey Diversified Capital Fund
BPI Balanced Fund Odyssey Diversified Balanced Fund
BPI Equity Value Fund Odyssey Philippine Equity Fund
BPI Philippine High Dividend Equity Fund Odyssey Philippine
High Conviction Equity Fund
BPI Philippine Equity Index Fund  
BPI Fixed Income Porfolio Fund-of-Funds  
BPI Philippine Consumer Equity Index Fund  
BPI Philippine Infrastructure Equity Index Fund  
BPI Catholic Values Global Equity Feeder Fund  
Global Funds
BPI U.S. Dollar Short Term Fund Odyssey Philippine Dollar Bond Fund
Philippine Dollar Bond Index Fund Odyssey Asia Pacific
High Dividend Equity Fund
BPI Global Bond Fund-of-Funds  
BPI Global Equity Fund-of-Funds  
BPI US Equity Index Feeder Fund  
BPI European Equity Feeder Fund  

 

B. On Activating RSP

 

1. Where can I request for the activation of the RSP for my Investment Funds/Mutual Funds?

 
The following channels are available to you if you want to enroll your investment account in the Regular Subscription Plan
 
a. Via the internet through BPI Expressonline (www. bpiexpressonline.com) – RSP through this facility is available to all EOL users who have also enrolled their investment account in BPI Expressonline. Click here for instructions on how to enroll in RSP through BPI Expressonline.
 
b. Via the Branches - for the BPI Investment Funds, you may visit any BPI branch to request for the activation of the RSP. For the Mutual Funds, you may submit your RSP enrollment request to any BPI/BPI Family Savings Bank Branch or to your MF Sales Agent.
 

2. Can I nominate another deposit account where the subsequent contribution will be debited?

 
Your automatic/scheduled contribution will be debited only from the nominated settlement account of your Investment Fund/Mutual Fund.
 

3. Can I immediately enroll in RSP upon account opening?

 
Yes. You may immediately enroll in RSP upon account opening.
 

4. I have an existing investment account in BPI Expressonline, how do I activate my RSP?

 
Just follow these easy steps:
 
Step 1: Log in to BPI Expressonline
Step 2: Go to Investments > Unit Investment Trust Funds > Subscribe > Regular
             Subscription Plan (RSP)
Step 3: Select the Investment Account Number that you wish to enroll in RSP
Step 4: Select the investment fund for RSP activation and click the RSP Setup button
Step 5: Provide your RSP details
Step 6: Review and confirm your subscription order
Step 7: A confirmation page of the RSP will appear and an email confirmation of your
             RSP activation will be sent to your registered BPI Expressonline
             email address.
 
 

5. What are the minimum investment amounts to avail of the RSP?

 
a. For new investment accounts or accounts with no existing investments:
    To activate the RSP for new accounts or accounts with no existing investments,
    you are required to make an initial RSP contribution on the day of the enrollment.
    Without the minimum initial investment amount, subsequent subscriptions will not
    be triggered.
 
 
 
Fund Minimum Initial
Investment Amount
Minimum Transaction
Amount
BPI Investment Funds
All Peso Funds PhP 10,000 PhP 1,000
All Global Funds except BPI Feeder Funds US$ 500 US$ 200
BPI US Equity Feeder Fund US$ 1,000 US$ 500
BPI European Equity Feeder Fund US$ 1,000 US$ 500
BPI Catholic Values Global Equity Feeder Fund PHP 100,000 PHP 50,000
BPI Fixed Income Portfolio Fund-of-Funds PhP 1,000,000 PhP 10,000
BPI Philippine Consumer Equity Index Fund PhP 10,000 Php 1,000
BPI Philippine Infrastructure Equity Index Fund PhP 10,000 PhP 1,000
Odyssey Funds
All Peso Funds PhP 10,000 PhP 500
All Global Funds except ODY APHD US$ 1,000 US$ 1,000
Odyssey Asia Pacific High Dividend Equity Fund US$ 5,000 US$ 1,000
b. For investment accounts with existing investments:
    To activate the RSP for accounts with existing investments, you just need to invest      at least the minimum transaction amount in the minimum initial order amount field.

 
Fund Minimum Transaction
Amount
BPI Investment Funds
All Peso Funds PhP 1,000
All Global Funds except BPI Feeder Funds US$ 200
BPI US Equity Feeder Fund US$ 500
BPI European Equity Feeder Fund US$ 500
BPI Catholic Values Global Equity Feeder Fund PHP 50,000
BPI Fixed Income Portfolio Fund-of-Funds PhP 10,000
BPI Philippine Consumer Equity Index Fund Php 1,000
BPI Philippine Infrastructure Equity Index Fund PhP 1,000
Odyssey Funds
All Peso Funds PhP 500
All Global Funds except ODY APHD US$ 1,000
Odyssey Asia Pacific High Dividend Equity Fund US$ 1,000
 

 

C. On Subsequent Contribution/Regular Contribution

 

1. What contribution frequencies are available under the RSP?

 
You may choose from either a monthly or a quarterly contribution schedule.
 

2. What will happen if my subsequent/scheduled contribution falls on a non-banking day?

 
If the scheduled contribution falls on a non-banking day, it shall be processed on the next banking day.
 

3. What will happen to my subsequent (scheduled) contribution if my settlement account is unfunded?

 
The scheduled contribution will not be processed nor will it terminate the RSP. The next subsequent contribution will proceed as scheduled. No penalty will be imposed against unfunded RSP.
 

4. Will I be notified of my contribution?

 
Yes. You will receive a Transaction Advice/Depositary Receipt for each of your processed scheduled contributions.
 
 

 

D. On Amending the RSP and Request for RSP Termination

 

1. Where can I request for amendments or termination of enrollment in the RSP facility?

 
Requests for amendments or termination of enrollment in the RSP facility may be coursed through your Booking Branch/MF Distributor or via the internet through BPI Expressonline. Click here for instructions on how to amend or terminate RSP details through BPI Expressonline. For requests coursed through your booking branch/MF Distributor, a signed Letter of Instruction (LOI) Form has to be submitted before the request can be implemented.
 

2. Will my RSP enrollment be automatically terminated once I redeem all my units/shares in the Fund?

 
No. Full redemption of units/shares will not terminate the RSP. To terminate the RSP, a separate written request (via signed LOI) for RSP termination must be submitted to the Booking Branch/MF Distributor or you may terminate the RSP enrollment via the internet through BPI Expressonline
 

3. What is the default End Date for RSP?

 
The default End Date is 5 years from the Start Date. You may choose to change this end date by accomplishing a Letter of Instruction if coursed through a branch, or directly through EOL.
 

4. What information can be amended for my RSP?

 
The following are the information that can be amended:
(a) Subsequent Contribution Amount
(b) Start Date
(c) Subsequent Contribution Frequency
(d) End Date
 

5. When should I make the amendment request or termination request?

 
Amendments/ requests for termination should be done at least one (1) banking day prior to the date of contribution, otherwise, the request will be implemented for the next contribution date.
 

6. I tried to edit the End Date for my RSP, but even after initiating the change, the old End Date is retained

 
Ensure that the PROCEED button on the RSP Amendment Page is clicked after entering the correct password to confirm the changes. You should be routed to the Confirmation Page right after.
 

7. How can I re-start an RSP which I have terminated?

 
You may re-enroll in the RSP facility any time via BPI Expressonline if your investment account is already enrolled in EOL or by visiting your nearest BPI/BPI Family Savings Branch/ MF Distributor.
 
 
 
RSP Frequently Asked Questions (FAQs) as of May 23, 2017
 
 
 
This material, which is for information purposes only, is for your sole use and does not constitute a recommendation or an offer to sell or a solicitation to buy any financial product. Any information is subject to change without prior notice and BPI is not under any obligation to update or keep current the information contained herein. You are advised to make your own independent judgment with respect to the matter contained in this document. No liability whatsoever is accepted for any loss that may arise ( whether direct or consequential ) from any use of the information contained herein. The funds managed by BPI and its affiliates do not carry any guarantee of income or principal and are NOT covered by the Philippine Deposit Insurance Corporation. Past performance is not a guarantee of future results. Each investor/client will have a different appetite and tolerance for risk; the conduct of Customer Suitability Assessment is a MUST. For the Mutual Funds, BPI Investment Management Inc., a wholly-owned subsidiary of BPI, is the fund manager and principal distributor of the six (6) ALFM Funds, as well as the Bahay Pari Solidaritas Fund and Ekklesia Mutual Fund. BPI Asset Management serves as investment advisor to all the mutual funds managed and distributed by BPI Investment Management, Inc. The funds are valued daily using the marked to market method for the BPI Unit Investment Trust Funds (UITFs) and Philippine Financial Reporting Standards (PFRS) and the Philippine Accounting Standards (PAS) for the Mutual Funds.