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How much do I need to start?
The minimum initial investment for TD Mutual Funds is $100 for a non-registered account and $100 for an RSP account. The minimum subsequent investment is $100 for both types of accounts.
These minimum amounts are waived if you enroll in a TD Mutual Funds Pre-Authorized Purchase Plan, a convenient and affordable way to build your savings. You can start with as little as $25 per fund per month and this amount can be automatically deducted from your bank account on a weekly, biweekly, semi-monthly, monthly, quarterly, semi-annual, or annual basis.
Transfers between TD Mutual Funds are free, however, a 2% early redemption fee is payable to all funds except money market funds if you transfer or sell units of these Funds within 30 days of purchase. This fee is designed to protect unitholders from the costs associated with other investors moving quickly in and out of the Funds. Frequent trading can hurt a Fund's performance by forcing the portfolio manager to keep more cash in the Fund than would otherwise be needed or to sell investments at an inappropriate time. It may also increase a Fund's transaction costs.
An early redemption fee of up to 2% may also apply if you transfer or sell units of the TD e-Series Funds within 90 days of purchase.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.