What is GCash GFunds?

by

Investing is daunting yet rewarding once your investments start paying off. However, it’s a risky move that not all are willing to endeavor since there’s no guarantee of returns. Fortunately, GCash launched its newest feature GFunds, where users can invest for as low as P50.

And if you’re wondering what GCash GFunds is, read on as we share everything about this new feature from the top digital wallet in the Philippines. 

What is GCash GFunds?

Previously called as GInvest, GFunds is a new investment marketplace feature accessible thru the GCash App. This feature is a partnership between GCash, G-Xchange Inc (GXI), its partner product providers, and Seedbox Technologies Inc for back-end processing. With GFunds, GCash users can buy, sell, and manage investment products through the app.

Perks

Unlike banks with high initial investment and fees, GCash users can enjoy the following perks by investing in GFunds:

  • Only requires a fully-verified GCash account (no need for a bank account and valid IDs)
  • Invest for as low as Php 50
  • No commission or sales fees
  • Buy and sell thru your GCash wallet

Requirements

But before applying for GCash GFunds, ensure you meet the following requirements:

  • At least 18 years old
  • A fully-verified GCash account

However, GCash restricts users who are citizens of the USA and those with dual citizenship from investing in the following global funds’ products available on GFunds:

  • ATRAM Global Tech Feeder Fund
  • ATRAM Consumer Trends Feeder Fund
  • ATRAM Global Multi-Asset Income Fund
  • Philippine Stock Index Fund

GCash Partner Providers for GFunds

GCash has two (2) partner providers of GFunds, including ATRAM Trust Corporation (ATRAM Trust) and BPI Investment Management, Inc. ATRAM Trust, licensed by the Bangko Sentral ng Pilipinas (BSP), is the first-stand alone trust corporation in the country. Meanwhile, BPI Investment Management is a firm offering asset management, capital preservation, investment consulting, and financial planning services – a subsidiary of the Bank of the Philippine Islands.

Available Investment Products on GFunds

Here are the following investment products (fund names) on GFunds, including their fees, risk rating, and minimum initial investments:

ATRAM Trust Corporation (ATRAM Trust)

  1. ATRAM Peso Money Market Fund
    Risk Rating: Conservative
    Minimum Initial Investment: Php 50
    Minimum Additional Investment: Php 50
    Annual Trust Fee: 0.50%
  1. ATRAM Total Return Peso Bond Fund
    Risk Rating: Moderate
    Minimum Initial Investment: Php 50
    Minimum Additional Investment: Php 50
    Annual Trust Fee: 1.10%
  1. ATRAM Global Health Care Fund
    Risk Rating: Moderately Aggressive
    Minimum Initial Investment: Php 1,000
    Minimum Additional Investment: Php 1,000
    Annual Trust Fee: 1.15%
  1. ATRAM Global Infra Equity Fund
    Risk Rating: Moderate Aggressive
    Minimum Initial Investment: Php 1,000
    Minimum Additional Investment: Php 1,000
    Annual Trust Fee: 1.15%
  1. ATRAM Philippine Sustainable Development and Growth Fund
    Risk Rating: Aggressive
    Minimum Initial Investment: Php 50
    Minimum Additional Investment: Php 50
    Annual Trust Fee: 1.75%
  1. ATRAM Global Equity Opportunity Fund
    Risk Rating: Aggressive
    Minimum Initial Investment: Php 1,000
    Minimum Additional Investment: Php 1,000
    Annual Trust Fee: 1.15%
  1. ATRAM Philippine Equity Smart Index Fund
    Risk Rating: Aggressive
    Minimum Initial Investment: Php 50
    Minimum Additional Investment: Php 50
    Annual Trust Fee: 1.50%
  1. ATRAM Global Technology Fund
    Risk Rating: Aggressive
    Minimum Initial Investment: Php 1,000
    Minimum Additional Investment: Php 1,000
    Annual Trust Fee: 1.15%
  1. ATRAM Global Consumer Trends Fund
    Risk Rating: Aggressive
    Minimum Initial Investment: Php 1,000
    Minimum Additional Investment: Php 1,000

BPI Investment Management

  1. Philippine Stock Index Fund
    Risk Rating: Aggressive
    Minimum Initial Investment: Php 50
    Minimum Additional Investment: Php 50
    Annual Trust Fee: 1%
  1. ALFM Global Multi-Asset Income Fund
    Risk Rating: Aggressive
    Minimum Initial Investment: Php 1,000
    Minimum Additional Investment: Php 1,000
    Annual Trust Fee: 1%

How to apply for GCash GFunds

To apply for GCash GFunds, follow the steps below:

  1. Launch the GCash app on your device.
  2. Log in to your account by entering your 4-digit MPIN.
  3. Tap GInvest and select GFunds on the options.
  4. Enter your email address and click Proceed.
  5. Fill out the Risk Profile Questionnaire and click Next.
  6. Confirm you’re not a US citizen and click Next.
  7. Double-check the details and answers you’ve provided.
  8. Agree to the Terms and Conditions and click Next.
  9. Then, you’ll receive an SMS and email approving your registration for GCash GFunds. 

Take note that your registration will be approved as fast as 15 minutes. But it may take up to two (2) business days if the partner provider encounters a system problem.