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Investment FAQs

Mutual Funds

Select Category: General Managing Your Investments Online

General

A mutual fund is a pool of stocks, bonds and other securities held in trust on behalf of individual investors. When you invest in a mutual fund, you purchase units in a professionally managed portfolio of securities, with each unit representing a share of ownership in the portfolio.

Yes, you can hold a mutual fund on its own as a non-registered investment, or within a registered plan (TFSA, RRSP, RRIF, RESP or RDSP).

You can buy mutual funds several ways:

Your Investor Profile reflects information about you and your investment preferences (investment objectives, risk tolerance and time horizon), which may differ for each of your investment accounts. You must have a current Investor Profile that has been updated in the last 12 months to purchase a mutual fund or portfolio solution. To create or update your Investor Profile:

It’s best to work with an RBC advisor to find the investments that best meet your goals, objectives and tolerance for risk.

Managing Your Investments Online

You can buy mutual funds online through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window), providing you:

  • Are purchasing the mutual fund within an existing registered plan (e.g. TFSA, RRSP or RESP)
  • Have Online Banking access
  • Have an up-to-date Investor Profile
Purchase mutual funds online(opens new window)

Funds will be available on the next business day following the date on which you have instructed us to redeem your GIC, or in the case of RBC Income Builder GIC, following the date on which a payment is made from the GIC.

Other Notable Disclosures:

  • Interest in a GIC will be calculated counting the first but not the last day of the term.
  • There is no fee charged for a purchase of GIC. If you transfer your GIC out to another financial institution, there will be a transfer out fee of $150 charged (applies to both registered or non-registered GICs – transfer out fee for non-registered GICs came into effect August 1, 2022)
  • You may provide us with instructions as to what to do with your GIC proceeds upon maturity. If your GIC is automatically renewed, you may cancel it upon renewal within 10 business days from the issuance (renewal) date, and if you do, your principal will be returned, but no interest will apply from the issuance to the cancellation date.
  • The GIC Client Agreement can be found at https://www.rbcroyalbank.com/dms/investments/clientacknowledgementforms.html. This GIC Client Agreement may be changed at any time, on notice to GIC holders.
  • For more information and disclosures regarding RBC Equity Linked GICs, see: RBC Equity-Linked GICs page.

Mutual Funds are sold by Royal Mutual Funds Inc. (RMFI). There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the Fund Facts/prospectus before investing. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. RMFI is licensed as a financial services firm in the province of Quebec.


Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI).  RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.