Investing in managed funds is a simple process and you don't need a large amount of money. When you are ready to invest, you can usually purchase units in the fund by simply completing the application form attached to the relevant prospectus and include your payment. You can invest a single lump sum investment or you can invest a smaller amount and add to it with a regular investment plan which will allow you to build up your investment with regular contributions over time.

Advantages and Disadvantages of managed funds:

• Managed funds enable investment in assets without having to invest directly in those assets. Investments are managed by a professional fund manager.
• You do not need to access to research information about a particular company or asset or the specialist knowledge to analyse and understand it as you would with shares.
• You can achieve diversification with a small outlay across a range of investments through a single fund .
• Fund managers look after administration and day to day responsibilities of the investments.
• You can control the type of assets you invest in but you don't have complete control over the exact assets your fund invests in.