The Manulife Money Market Fund is a low-risk peso fund designed to keep your money stable while earning a little more than a regular savings account, making it a popular place to park cash you may need soon. Here's what it holds, who it suits, and how to invest through DragonFi.
It's a UITF (Unit Investment Trust Fund, a pooled fund run by a trust company, where your money is invested alongside other investors') that aims to preserve your capital while earning steady returns. It does this by investing in short-term, lower-risk instruments rather than stocks, which is why it's one of the calmest funds in the lineup. It is managed by Manulife.
What does it invest in?
The fund invests in short-term fixed income securities and deposits, including securities issued by the Philippine government. These are short-dated, meaning they mature quickly, which keeps the fund stable and liquid. It does not invest in stocks, so it avoids the sharp ups and downs of the equity market.
Who is this fund for?
This fund may suit you if you:
- Want a safe place to park cash you might need in the near future
- Prefer stability and minimal ups and downs over chasing high returns
- Are building an emergency fund or saving for a short-term goal
- Want to earn more than a regular savings or time deposit, with easy access to your money
It's less suitable if you're investing for long-term growth, since its returns are modest by design.
What's the risk level?
This is a conservative-risk fund, though in practice it sits at the calmer end of the scale. Money market funds are among the lowest-risk UITFs because they hold short-term, high-quality instruments. The value can still move slightly, so it isn't guaranteed, but large swings are unlikely.
Can I hold this in a PERA or Regular account?
This fund is available through a Regular DragonFi account. It is not one of DragonFi's PERA-eligible funds.
What are the fees?
Like all UITFs, this fund charges a 0.5% per annum trust fee, an annual management fee that's already deducted from the fund before the daily price is calculated, so you don't pay it separately. Money market funds typically have among the lowest fees. Fees can change over time, so for the exact current trust fee, check this fund's page in the DragonFi app.
What's the minimum investment?
You can start investing in this fund for as low as ₱1,000 on DragonFi, and you can add to it any time.
How do I invest in or add to this fund?
You can invest in or top up this fund directly in the DragonFi app in a few taps. For the full steps, the daily cut-off time, and how your buy-in price (NAVPU) is set, see the "How to invest in a fund" article by DragonFi.
How do I sell or redeem it?
You can redeem some or all of your investment in the app whenever you like, with no fixed lock-in period. Money market funds are among the quickest to settle. For the exact timeline, see the "How to sell or redeem a fund" article by DragonFi.
How long does it take to receive the money after I sell?
It takes 1 to 2 business days for the money to be credited to your account after selling the fund.
Where do I see the current NAVPU and returns?
The live price (NAVPU) and the latest returns are always shown on this fund's page in the DragonFi app. We don't list those figures here because they change every day, so the app is your most up-to-date source.
Good to know
- Stable, not guaranteed. This fund aims to keep your money steady, but it is still an investment, not a deposit, so the value can move slightly.
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Built for the short term. It's ideal for parking cash, not for long-term growth, where stock or bond funds usually do more.
Access the fund page here:
Manulife Money Market Fund | DragonFi
This fund is not a deposit and is not insured by the Philippine Deposit Insurance Corporation (PDIC). Returns are not guaranteed. The fund's price (NAVPU) can rise and fall, so you may get back less than you invested, and past performance is not indicative of future results.