Yes. Many mutual fund companies waive the minimum deposit requirement to open an account if investors agree to sign up with an automatic investment plan (AIP). With an AIP, you authorize the mutual fund company to debit your account on a regular basis (e.g., $50 per month) to buy new shares. Some mutual fund companies also lower the required minimum deposit amount for retirement savings accounts and college savings accounts for minors. All of a mutual fund's policies regarding initial and subsequent deposit amounts are available in the fund's prospectus. If you take time to shop around a little, you may find a similar investment vehicle with a comparable asset mix that will meet your investment objectives.
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