Initial minimum investment - mutual funds?

Question

Is T Rowe Price the only no-load mutual fund left, to let you begin without putting up their initial minimum amount of $2,500 by letting them systematically taking money from one's checking account?

Answer 1

No, there are a large number of funds that have extremely low minimums if you are starting an automatic deposit program, in fact there are too many to list here. But a few examples:

$1000 minimum: Oakmark Select, Oakmark Fund, Vanguard Star

$500 minimum: Janus Midcap Value

$250 Minimum: Fidelity Capital Appreciation

$50 minimum: TIAA-CREF Equity Index

If you go to Morningstar's Fund Selector you can filter by 'minimum investment':
http://screen.morningstar.com/FundSelector.html

Answer 2

there is not any real clean answer. Many money have institutional share instructions with minimums interior the hundreds of thousands, yet you get the backside obtainable expenses and no sales load. normally this is what you're procuring once you purchase shares by way of a 401k. i've got additionally seen unregistered investment partnerships for top internet well worth persons, which functionality like a mutual fund, have as extreme as a $50 million preliminary purchase-in.

Answer 3

most all of the mutual fund companies will let you get started with as little as $50.00 a month if you set up an account to automatically invest at least that amount directly from a checking account into your mutual fund account.

Answer 4

Definition of Mutual Funds: You should know the meaning of mutual funds, before you choose to invest in mutual funds. These funds are a type of security that can be traded on the stock market, allowing shareholders to buy and sell shares in the funds. The revenue generated by purchase of shares is used by mutual fund manager to buy more shares of specific stocks, bonds, and other market securities and money market instruments.
http://www.debts-to-wealth.com/category/Guide-to-Mutual-Funds.html

Answer 5

there are probably others - look for magazines that annually review mutual funds or google - "low monthly investment mutual fund" or something like that

Answer 6

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