Fisher Funds is one of the largest fund managers in New Zealand, managing over $9 billion in funds. Investing with Fisher Funds allows you to access professional investment management and diversify your investments across different asset classes. However, many investors wonder what is the minimum investment amount needed to get started with Fisher Funds. In this article, we will look at the minimum investment amounts for different Fisher Funds products and some tips for New Zealanders looking to start investing.
The minimum initial investment for Fisher Funds managed funds is $1,000
The minimum initial lump sum investment to get started with Fisher Funds managed funds is $1,000. This applies to all of Fisher Funds’ main diversified and sector funds, including flagship funds like the Growth Fund and the Property and Infrastructure Fund. While $1,000 may seem like a lot for some starting investors, it is relatively low compared to many other managed funds in New Zealand which often have minimums of $5,000 or more. Fisher Funds’ low minimum makes it more accessible for investors who are just getting started.
You can start a regular investment plan with just $100 per month
If you aren’t able to invest a lump sum of $1,000 upfront, you can start a regular investment plan with Fisher Funds with a minimum of just $100 per month. This allows you to steadily build up your investment over time by making smaller regular contributions. Fisher Funds offers set-and-forget regular investment plans so you don’t need to manually make deposits every month. You can have a set amount automatically deducted from your bank account on the frequency you choose.
Other Fisher Funds products have different minimums
While most Fisher Funds managed funds have a $1,000 minimum initial investment, some other Fisher products have different minimums:
– Fisher KiwiSaver Scheme: No minimum contributions required to start a plan, but you must contribute at least $1,042 annually to qualify for the government contribution.
– First Home Grant exemptions allow withdrawals for a first home purchase with a minimum balance of $1,000.
– Fisher Funds Two-Year Locked Funds have a $10,000 minimum initial investment.
– Some funds like the Fixed Income Fund have a $500,000 minimum investment.
Always check the specific product PDS for details on minimum investment amounts for any Fisher Fund you are considering investing in.
Consider starting small and increasing contributions over time
While it may seem daunting to come up with $1,000 or more upfront, the key is to start somewhere and build up over time. Even starting with $100 per month, if you steadily increase your contributions over the years, compounding can help grow your investment into a sizable nest egg. Auto-escalation allows you to automatically increase your regular investment amount annually by a set percentage. Taking advantage of Fisher Funds’ low initial minimums, with a disciplined strategy of starting small and increasing contributions over time, can put you on the path towards achieving your investment goals.
The minimum initial lump sum investment for most Fisher Funds products is $1,000. But you can get started with just $100 per month via a regular investment plan. Consider starting small if you can’t invest a large lump sum upfront, and grow your investment over time through auto-escalation and the power of compounding.