​​Minimum Size

• Initial purchase: you may need a certain amount of cash in your account to start investing.
  
• Additions: the smallest amount you can add to your investment at a time.​
  
• The lower, the better - you can put your money to work for you sooner.​​
  

​​Use our table as a guide and remember to do some research on your own.

​​Updated on September 2, 2022.

choose a Provider

We’ve done some research for you comparing index mutual funds​

​​​Fees 

• Annual MER (management expense ratio), measured as a percentage of your account balance.

• Withdrawn annually from your account.
• Make sure the fee you're looking at is all-inclusive and there are no additional fees (taxes or for trading).
• The lower the MER, the faster you money grows.

​​​​​​​​​Key Features ​

When you research providers, go online and find a list of index mutual funds they offer.

• Index mutual funds should have the word 'index' in their name. 
  
• If you're not sure about a specific fund, check that fund's "Fund Facts" document or call a branch and ask - they should know which of their mutual funds are index funds.
  

​​You may run into several series of the same fund, like A, D, F, or I (the MER will be different).

• You are looking for “D” and may have to call the bank to clarify. There is an important difference - series A and series F are for advisors and may automatically charge a fee for advice, which you should not be paying when buying the fund online.
  
• For TD, 'e-series' means something different - it just means the funds can be purchased online.
  

When you research providers, make sure to ask if their mutual fund accounts can be easily connected to either your chequing or savings account. You want to make sure it's quick and easy to transfer money to / from your investment account. It can be quite difficult if your investment account is at a different institution than your chequing / savings account.