- 1). Determine the type of mutual fund to invest in. There are numerous types to consider, from general bond and stock funds to specific-industry funds. Fidelity has a mutual fund search tool called the Fund Evaluator that can help you select the fund that best fits your needs (see Resource). Consider the fund's investment objectives, risks, charges (such as loads) and expenses. This information is contained in the fund's prospectus, which you can get online at Fidelity.com or by calling Fidelity (800-343-3548).
- 2). Determine the amount of money you want to invest in a mutual fund, but be aware that some Fidelity funds have a minimum investment amount.
- 3). Look up the price of the fund you are interested in purchasing. One common measure of mutual fund pricing is NAV (net asset value), the dollar value of one share. For a current price sheet for all funds offered, go to the Fund Evaluator page and click on "Fidelity funds daily prices" in the right-hand column (see Resource).
- 4). Look up the fund you are interested in purchasing for additional information. Get the mutual fund symbol from the Fund Evaluator or the Mutual Funds at Fidelity page (see Reference). Enter the symbol next to the gray Quotes box at the very top of the Fidelity.com website. Then click on Research. The fund report will tell you the top 10 assets held in the fund and its past performance over one, three, five and 10 years, as well as other information about the fund.
- 5). Contact Fidelity's customer service representatives at 800-343-3548. They will ask you for the mutual fund's symbol, name, price and the amount you want to invest. They will then send you forms to sign up for and fund your account. Once you have an account, you can easily make fund investments online.
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