<prompt> Human: Im thinking about opening my first mutual funds account and I was just wondering do I have to add funds to the account every month? And I was also wondering what the minimum amount of money you need in the account to get started.  <response>: You dont have to add funds to the account every month. The minimum purchase for each fund is 100, however, you can set up automatic payment plans which can be for less than 100. I currently use them while building up my portfolio as they are fee free and the management fee is quite low considering that. Once I have enough cash, I will cash out and go the ETF route. 