Invest in peace of mind by investing in mutual funds
Worrying about your finances shouldn’t keep you up at night. Whether you’re saving for retirement, a child’s education, or other important goals, we offer a wide variety of mutual funds options that can help you reach your goals.
Special Offer
Earn up to $350 in value
Open an eligible RRSP or TFSA in a few steps and earn up to $350 in value.‡
What you need to know about mutual funds
A mutual fund is a professionally-managed investment that pools money from different investors to purchase a variety of investments like stocks, bonds or other securities. Mutual funds are one of the most popular investment options for Canadian investors.
To learn more about mutual funds, watch our short video.
Why mutual funds?
There are several benefits to investing in mutual funds.
Diversification
By investing in a range of different securities, mutual funds help diversify risk, which is really another way of saying that you won’t be putting all your eggs in one basket. If one investment is down, those losses can potentially be offset by another of the fund’s holding.
Cost effectiveness
Mutual funds offer low investment minimums, which means new investors can get started with an initial investment as little as $500 – or even less in many cases. You can also set up automatic investment plans that can work with almost any budget.
Professional money management
Our funds are managed by experienced investment professionals, which can remove the complexity and often time-consuming work involved with selecting and trading individual securities on your own.
Access and convenience
By investing in a mutual fund, you get access to a large number of securities, which might be otherwise difficult or too expensive to access or manage on your own. Mutual funds can also be bought and sold daily on a business-day basis, offering you easy access to your money. All in the convenience of a single-ticket investment.
Mutual funds
Our line-up of mutual funds includes domestic, international and specialty funds across all asset classes, regions and investment styles.
Cash equivalent funds
Add stability and liquidity to your portfolio. Cash equivalent funds aim to provide safety plus interest income. These funds can also add stability and liquidity to your portfolio.
Income funds
These funds offer the potential for higher interest income than cash equivalent funds, but usually experience greater volatility than cash equivalent funds. They invest in high-quality bonds, mortgages, and dividend-paying shares.
Balanced funds
A combination of cash equivalent, fixed income and equity securities in one fund. Our balanced funds combine asset allocation, diversification and professional management in one investment.
Equity funds
Funds that invest in the stock markets of Canada, the U.S., and countries around the world offer the greatest potential for long-term growth by investing in common shares and other equity securities.
Index funds
Replicate a market index, a basket of stocks or securities that is used as a benchmark, such as the S&P/TSX Composite Index or the S&P 500 Index.
Portfolio Solutions
Our Portfolio Solutions can take the complexity out of investing so you don't have to make the difficult, time-consuming and often complex decisions required to be a successful do-it-yourself investor. These convenient all-in-one portfolios blend a diversified mix of mutual funds to grow your savings while carefully managing risk.
Ready to get started?
A Scotiabank advisor can help.
‡
The Scotiabank Investment Plan Welcome Offer (the “Offer”) is available between November 10, 2022 and January 31, 2023 (the “Offer Period”) to individuals who open an eligible Scotia Registered Account during the Offer Period (each an “Eligible Investment Plan”) and complete certain qualifying activities.
For the purposes of this Offer, the following Scotia Registered Accounts are eligible for the Offer: Scotia Registered Retirement Savings Plan (RRSPs, excluding Locked-In Plans such as LIRAs and LRSPs) or Scotia Tax-Free Savings Account (TFSAs). Scotia RRIFs, RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer. In order to qualify for either a Cash Bonus or Points Bonus (both defined below) , the individual cannot have held the same type of Eligible Investment Plan with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) in the 6 months preceding the Offer Period.
To qualify for a cash bonus (the “Cash Bonus”):
1. Open one or more new Eligible Investment Plan(s) during the Offer Period;
2. March 1, 2023, contribute or transfer-in a Minimum Qualifying Investment Amount (as defined below) into your new Eligible Investment Plan(s) and maintain that Minimum Qualifying Investment Amount until May 31, 2023 to qualify for either a $150 Cash Bonus or a $300 Cash Bonus:
| Minimum Qualifying Investment Amount* | Eligible Plan(s) | Qualifying Cash Bonus |
|---|---|---|
| $3,000 combined across any of your new Eligible Investment Plan(s) | Either an Eligible RRSP or Eligible TFSA | $150 |
| $3,000 into both a new Eligible RRSP and TFSA (for a total minimum of $6000 combined) | Both an Eligible RRSP and Eligible TFSA | $300 |
* For purposes of calculating the Minimum Qualifying Investment Amount, the book value of the contributions and/or transfers-in will be used to determine eligibility.
3. By March 1, 2023, set up a recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account of at least $50 total per month in any of your Eligible Investment Plan(s), which must have recurred for a minimum of 3 consecutive months by May 31, 2023.
To qualify for an additional 5000 Scene+™ Points bonus (the “Points Bonus”):
4. Complete steps 1 – 3 above for the Cash Bonus and by or on May 31, 2023, hold a Scotiabank debit or credit card that earns Scene+ Rewards (click here for eligible products) and is in good standing.
For full terms and conditions, see Winter Investments Campaign Offer Terms and Conditions