What is the minimum investment required for BNY Mellon Funds?
Asked 5 months ago
The minimum investment required for BNY Mellon Funds can vary depending on the specific fund and its share class. Typically, many mutual funds have a minimum investment amount that ranges from one thousand to five thousand dollars for initial purchases. Some funds may offer lower minimums if you are participating in automatic investment plans or if the investments are made through retirement accounts like an Individual Retirement Account or a 401(k). It is important for investors to review the fund's prospectus, as it contains detailed information on minimum investments, fees, and investment objectives. Interested individuals can also visit the official BNY Mellon website for the most current information regarding specific funds and their investment minimums.
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