For some reason I have had a lot of enquiries in the past few weeks about the minimum amounts that one can invest on a monthly and/or lump sum basis. The enquiries all seem to be of the view that investing is out of the range of the “little guy” and their only option is to be condemned to the realm of the life insurers. This is definitely not the case and so I put together the table below that shows the minimum lump sum and/or debit order that some of the collective investment companies will accept. It is definitely not exhaustive and if anyone can add to this then let me know – the point of it is to provide investors with options…Stanlib currently has the lowest debit order amount that I am aware of but I think that Sanlam Investment Management (SIM) are leading the pack as far as variety is concerned.
| Name |
Debit order |
Lump sum |
| Stanlib Equity Fund |
R 50 |
R 500 |
| Gryphon All Share Tracker |
R 200 |
R 2 000 |
| Sanlam – most funds |
R 200 |
R 5 000 |
| SATRIX |
R 300 |
R 1 000 |
| Northstar Managed |
R 500 |
R 5 000 |
| Coronation |
R 500 |
R 5 000 |
| Prudential |
R 500 |
R 5 000 |
| Investec |
R 500 |
R 10 000 |
| Allan Gray |
R 500 |
R 20 000 |
And the Gryphon application form is only 2 pages long!
