What are Series D funds?
What are Series D funds?
Series D funds, also know as Discount Series funds, are created specifically for self-directed investors who purchase mutual funds through an online or discount brokerage.
What is RBC fund?
About Royal Bank of Canada (RBC) mutual funds Through Royal Bank Global Asset Management, it offers 297 different mutual funds, that range from money market funds to sector specific funds. The funds vary in terms of risk, based on their investment goals and underlying portfolio composition.
Does RBC have mutual funds?
If you have RBC Online Banking access and an up-to-date Investor Profile, you can purchase mutual funds online. For non-registered mutual funds, you must have an RBC Royal Bank chequing or savings account. Sign in to buy mutual funds online. Call us at 1-800-463-3863.
How do RBC mutual funds work?
RBC Funds are offered by RBC Global Asset Management Inc. and sold by Royal Mutual Funds Inc. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you.
What’s the difference between management fee and MER?
The MER, or Management Expense Ratio, consists of the management fee and all other costs associated with the running of the fund. The management fee is the amount paid to the fund manager to make the investment decisions for the fund. The other costs are items such as administrative costs and custodial fees.
Which bank is best for mutual funds in Canada?
Best Mutual Funds in Canada
- RBC Select Very Conservative Portfolio A. Risk level= conservative.
- RBC Select Conservative Portfolio A. Risk level= conservative.
- RBC Select Balanced Portfolio.
- RBC Bond Fund O.
- TD Canadian Bond Fund – O.
- RBC Global Corporate Bond Fond O.
- RBC European Equity Fund O.
- RBC Canadian Dividend Fund A.
Which bank is best for mutual funds?
2. Top Sectoral Banking Mutual Funds
| Fund | 3-Year Returns |
|---|---|
| SBI Banking & Financial Services Regular Growth | 9.34% |
| Aditya Birla Sun Life Banking & Financial Services Regular Growth | 0.71% |
| ICICI Prudential Banking and Financial Services Fund Growth | -0.67% |
| Edelweiss Banking and PSU Debt Fund Regular Growth | 10.36% |
Do I pay management fee and MER?
Together, the operating fees and management fees make up the MER. A fund’s prospectus provides the expense data for the fund each year. The management fee is significant for the fund because the cost of hiring and retaining the investment team is the most expensive part of managing a mutual fund.
Are there any Series D mutual funds at RBC?
That’s why RBC Direct Investing offers clients access to Series D mutual funds, a mutual fund purchase option with lower fees. Lower fees mean more of your investment dollars at work for you. With Series D you can: Enjoy lower fees, and investment minimums as low as $500 per fund, per account Buy and sell commission-free(1)
Is the Royal Bank of Canada a mutual fund company?
Investment advice is provided by Royal Mutual Funds Inc. (RMFI). RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated.
Is the Royal Bank of Canada an investment advisor?
Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions.
Is the Royal Bank of Canada the same as RBC?
Generally has the same MER and commission options as Series A of the same fund For more information and resources, visit the Mutual Fund Centre. RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated.
