Do mutual funds have fees?

Yes, though the exact amount depends on the fund. Fees pay the cost of managing the fund. They’re included in the cost of the fund.

How do I withdraw money from my mutual fund?

Contact your Aviso Wealth advisor at Meridian; they can help you withdraw your money.

What's the minimum investment?

You can start with an initial investment as low as $100, or start by investing just $25 per month.

Do I get a say over what funds my money is invested in?

Yes. An Aviso Wealth&nbsp;advisor at Meridian can make recommendations based on your goals and risk profile, but you get the final say.

Are mutual funds high risk?

Mutual funds are generally higher-risk than savings accounts and GICs, which are principal protected and can have guaranteed returns. However, the risk varies depending on the type of fund. Also, the risk can be offset by the fact that funds often hold diverse investments. For example, if one investment, like stock in a particular company, performs poorly, the fund’s other investments can help balance it out.Some mutual funds invest in particular industry sectors, and if the industry as a whole is struggling the fund would likely experience a loss. We can help you understand your risk profile and where your money is invested.

Mutual Funds

Q: Do mutual funds have fees?

&lt;p&gt;Yes, though the exact amount depends on the fund. Fees pay the cost of managing the fund. They&#x2019;re included in the cost of the fund.&lt;/p&gt;

Q: How do I withdraw money from my mutual fund?

&lt;p&gt;Contact your Aviso Wealth advisor at Meridian; they can help you withdraw your money.&lt;/p&gt;

Q: What's the minimum investment?

&lt;p&gt;You can start with an initial investment as low as $100, or start by investing just $25 per month.&lt;/p&gt;

Q: Do I get a say over what funds my money is invested in?

&lt;p&gt;Yes. An Aviso Wealth&amp;nbsp;advisor at Meridian can make recommendations based on your goals and risk profile, but you get the final say.&lt;/p&gt;

Q: Are mutual funds high risk?

&lt;p&gt;Mutual funds are generally higher-risk than savings accounts and GICs, which are principal protected and can have guaranteed returns. However, the risk varies depending on the type of fund. Also, the risk can be offset by the fact that funds often hold diverse investments. For example, if one investment, like stock in a particular company, performs poorly, the fund&#x2019;s other investments can help balance it out.&lt;/p&gt;&lt;p&gt;Some mutual funds invest in particular industry sectors, and if the industry as a whole is struggling the fund would likely experience a loss. We can help you understand your risk profile and where your money is invested.&lt;/p&gt;

What is a mutual fund?

A mutual fund is a collection of investments like stocks, bonds, and other funds. It lets you pool your money together with other investors, making it easier for you to own a more diverse array of investments. The fund is professionally managed to make sure it performs well, so you don’t have to worry about buying and selling investments on your own.

You can invest in mutual funds on their own or include them as part of a registered investment, like your RRSP or TFSA.

Talk to us about mutual funds

Benefits of mutual funds

Affordable

You don’t need lots of money to start investing in mutual funds. An initial investment of $100, or $25 per month, is all you need to start growing your money.

Earn more, simply

Get the most out of your money - mutual funds aren't guaranteed, but they typically earn more than savings accounts or GICs. Plus, they’re professionally managed.

Diversification

By pooling investors' money, mutual funds can buy a variety of investments. This helps offset risk - if one investment performs poorly, your loss may be limited.

Mutual funds may have more potential

Unlike savings accounts and GICs, which earn money through interest, mutual funds earn money based on the dividends, interest, and capital gains of a wide array of assets. While your principal isn’t guaranteed and returns can vary, mutual funds typically result in more growth over time.

Tip: Regular investing can help you stay on track. Set up regular automatic payments, like $25, $50, or $100 per month, to grow your money!

Start investing

Meet with us talk about your goals and start investing in mutual funds.

Book a meeting

Frequently asked questions

Learn more about investing

Five big benefits of mutual funds

Choosing between a FHSA, RRSP and a TFSA

Six ways to add money to your RRSP

Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.