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Minimum investments on Chartwell Cofund Funds?

I swapped some of my invesment last night from one fund into a number of funds.Only around £100 in each.I was hoping to then top them up over the next few months.
What I cant work out id whether theres a minimum investment that I have to make in each,is this just for a new investment using new money.On H&L some of the funds I invested in are a minimum of £1000 each Chartwell dont seem to mention this anywhere when looking at their costings for each fund.Ive tried contacting them but they are on xmas hol now.Little frustrating as I dont know whether to carry on with any further investments.

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    HL is £1000 for minimum one off. You can have £50 per fund regular investment which you can cancel after 1 month....
  • Thanks.I know thats what H&L do but I was wondering what Chartwell Cofunds do.This is part of the reason Im asking after seeing the same funds on H&L stating minimum £1000 investment lump sum.Chartwells site if pretty crap in comparison.
  • dunstonh
    dunstonh Posts: 120,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Cofunds allow £100 single premium top ups with debit card. On paper applications its £1000 per fund.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Thanks dunstonh.I did use a credit card and also I fear the perecntage share of the funds I allocated to each fund are under £100.This wouldnt be classed as a top up or paper application though,its just a switch.Im still lost.Might have to hold off to new then befor reinsvesting anything wont know where Im at otherwise
  • Ive just checked funds have gone out of my account that I switched.Says description "switch out".Am I correct in thinking that Chartwell may just keep my funds in a holding account until the issue is sorted.Each fund works out at just over £87, so not far off.
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