What is the additional lumpsum amount in mutual funds?

1Answer

A lumpsum order is a one time purchase order. 

Mutual funds can have different “minimum lumpsum amount” and “minimum additional lumpsum amount”. 

Minimum lumpsum amount reflects the minimum amount that you can invest in a fund while investing in it for the first time. 

Additional lumpsum amount reflects the minimum amount that you can invest in a fund after investing the minimum lumpsum amount in that fund

 

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