Question

Mutual funds require a minimum investment

True or false

Answer 1

True

Step-by-step explanation:

Although there are mutual funds with no minimums, most retail mutual funds do require a minimum initial investment of between $500 to $5,000, with institutional class funds and hedge funds requiring minimums of at least $1 million or more.

Answer 2

Although there are mutual funds with no minimums, most retail mutual funds do require a minimum initial investment of between $500 to $5,000