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UPDATE: BDO Easy Redemption Plan UITF is no longer among the available Unit Investment Trust Funds offered through BDO online banking. If you want to invest in a related asset, you may check out BDO Easy Investment Plan UITF instead.
Why should you invest BDO Easy Redemption Plan? Check out this UITF review about BDO ERP. I also discussed the requirements to open this UITF account. Learn if this UITF is right for you. People liked BDO Easy Investment Plan (EIP), and many readers have requested I review BDO ERP as well, so here it goes.
What is BDO Easy Redemption Plan?
BDO Easy Redemption Plan (ERP) is a type of UITF (Unit Investment Trust Fund) wherein you are allowed to receive regular cash pay-outs from your UITF automatically. These cash earnings will be automatically be credited to your bank account once linked to your Easy Redemption Plan UITF application.
The available UITF for BDO ERP as of now is BDO Peso Money Market Fund.
Sample Investment for Easy Redemption Plan UITF
For example, you have a 1 million BDO Peso Money Market Fund, and you want to use this trust fund to give monthly allowance for your son, but you don’t want to withdraw or redeem all of your units in your UITF. You want your remaining UITF to be earning at the same time. If you want something like this, then BDO ERP is for you.
The minimum cash out for BDO Easy Redemption Plan is P1,000.
So if you have 1 million, for example, and you want to redeem 20,000 monthly (every 10th of the month) from your Peso Money Market Fund UITF and you want this 20,000 to be credited to your chosen savings account, you can do this by opening BDO Easy Redemption Plan.
What will happen if the remaining UITF is not enough for the monthly payout?
I know you wonder what will happen if there is no more cash equivalent remaining in your UITF or what will happen when the remaining amount in your ERP falls below the designated payout?
BDO will automatically unsubscribe you from the ERP. If any proceeds are remaining on your account, the units will be redeemed and credited back to your assigned current or savings account.
BDO Easy Redemption Plan Requirements:
- You must have an outstanding BDO Peso Money Market Fund
- Your COP from your BDO Peso Money Market Fund
- Accomplish all forms required at your BDO branch (ERP Enrollment Form, Change/Request, ERP joining Terms and Conditions)
- Enrollment fee of P500
How to Open BDO Easy Redemption Plan UITF?
Prepare all the requirements, then fill out the required forms as mentioned above. Choose where you would link your BDO ERP account (i.e., BDO CA/SA account). Select your pay-out amount and pay-out schedule (i.e., once or twice a month, 5th, 10th, 15th, 20th,25th, 30th).
Why should you invest in BDO Easy Redemption Plan UITF?
- You want flexible cash out from your existing UITF
- You want automatic redemption regularly following your own schedule
- You do not want to redeem all your units from your investment
- You want to retain some of your units in order to earn some more
If you have questions, feel free to leave them in the comments.
11 thoughts on “BDO Easy Redemption Plan – UITF Review and Requirements”
Please make review or Procedure on how to redeem online for those like me Who enrolled online. We would like to redeem our COP but we can’t since no methods on how to do it online. Bdo online facility isn’t working enough to show how to redeem online COP.. hope help us po. God bless.
Good day po ! Miss Fehl , I’m Investing since 2016 to Phil. Equity UITF ( EIP every 5th & 10TH of the month ) i’m Planning to Redeemed this Year , what are the procedure How to redeemed Online ? Can i Redeemed my 600k online to be credited to my same Savings account Online But still i want to continue my EIP Equity Fund Subscription , Can possible to redeemed that amount 600k ? ang How many days that can be credited to my account ? Please I need your Help Thanks so much & I’m looking forward to your Reply , GOD BLESS PO.
nare redeem po ba kahit saang bdo branch ang uitf?
Hi, BDO ERP (Easy Redemption Plan) UITF is automatically redeemed to your BDO linked account. Just choose which BDO account you want the money to be credited, you’re good. If it’s a regular UITF, you can request redemption via online banking, too. Cheers!
Do you have an articĺè showing the step by step procedure on how to redeem it online?
yes please.., we need your help on how to redeem it online
Sir nagugluhan ako dito
So if you have 1 million for example and you want to redeem 20,000 monthly (every 10th of the month) from your Peso Money Market Fund UITF and you want this 20,000 to be credited to your chosen savings account, you can do this opening BDO Easy Redemption Plan.
I know you are wondering what will happen if there is no more cash equivalent remaining in your UITF or what will happen when the remaining amount in your ERP falls below the designated pay out? BDO will automatically unsubscribe you for the ERP. If there are any proceeds remaining on your account, the units will be redeemed and will be credited back to your assigned current or savings account.
My Question un ba pong 20,000 i can redeem every 10th of the month eh dun kukunin sa 1 million kasi sab iif there is no more cash equivalent remaining in your UITF or what will happen when the remaining amount in your ERP falls below the designated pay out? BDO will automatically unsubscribe you for the ERP. If there are any proceeds remaining on your account, the units will be redeemed and will be credited back to your assigned current or savings account.
Please elaborate more UITF concerning cash 1 million
Thanks and best regards
Yes, your ERP is like a savings account, anything you withdraw/redeem monthly, will be debited from your account. What will remain will be invested on Money Market Fund. If you are confused, make sure you learn about Money Market Fund first.
Your time and effort in publishing this info is truly appreciative .. but how nice or rather wonderful will it be if all the hardworking filipinos overseas read and start investing in UITF’s … just that no one reaches out to them … Kudos to you . I invested for 2 of my kids- BDO -Equity / Peso Balance and Peso money market . Cheers !!
PS. Laters info as or 2016 will help [ min q415]
interested po ako sa UITF ERP at EIP para po sa dalawa kong anak mag start po sana ako mag-invest ng tig 10k bawat isa sa kanila, pwede po ba na di muna kunin yung kinita nya at ituloy lang at pano po ako makakapagumpisa nito.
patulong naman po.
Maraming salamat po at naway masagot nyo katanungan ko,
Interested Po ako Sa Uitf Bdo Equity Fund. Kapag nag start Po ako ng 10k kailangan Po ba i redeem yung income from time to time? Or hayaan ko lng until 10 to 15years. Ano po b ang mangyayari sa invested capital kapag Hinayaan ko ng 10-15 years?
Necessary po ba n mag deposit every month? Medyo nalilito Po ako.
Please help me.