PERA, short for Personal Equity and Retirement Account, is a voluntary retirement account that was signed into law on August 22, 2008, under the Republic Act No. 9505.
With the Metrobank PERA Bond Fund, investors can grow their retirement fund through a diversified portfolio of fixed income securities which are tax-exempt in accordance with the law.
Here’s what you need to know about this fund:
|Fund Name||Metrobank PERA Bond Fund|
|Investor Risk Profile||Moderate: Medium amount of risk for medium potential returns|
|Investment Horizon||At least 3 years|
|Fund Classification||Bond - Medium Term|
|Fund Assets||Deposits with local banks/branches of foreign banks operating in the Philippines, deposits and other evidences of indebtedness by the Bangko Sentral ng Pilipinas (BSP), loans arising from Repos, tradable Philippine sovereign fixed income securities, tradable Philippine corporate fixed income securities, other investments allowed under BSP regulations|
|Minimum Initial Participation / Maintaining Balance||5,000.00|
|Minimum Additional Participation / Redemption Amount||5,000.00|
|Minimum Holding Period||30 days|
|Early Redemption Charge||50% of total income earned from the redeemed amount|
|Redemption Settlement Date||1 banking day after redemption|
|Trust Fee||0.75% based on Net Asset Value (NAV)|
What is PERA?
Personal Equity and Retirement Account (PERA) is a voluntary retirement account, where you can take advantage of its tax-free benefits to supplement your retirement fund.
As a product provider, Metrobank offers various PERA funds that are available through an accredited PERA administrator. We have partnered with ATRAM Trust Corporation to bring you 3 PERA (Personal Equity and Retirement Account) UITFs—the Metrobank PERA Money Market Fund, the Metrobank PERA Bond Fund, and the Metrobank PERA Equity Fund. To invest in Metrobank’s PERA funds, you may visit Seedbox, ATRAM’s online investment platform or email email@example.com.
The Metrobank PERA Bond Fund aims to grow the funds in your PERA account by investing it in Peso-denominated government bonds which are tax-exempt in accordance with the PERA law. Expand your portfolio today through PERA fixed income securities.
Talk to us at Metrobank to get started.