Invest in Mutual Funds.
Plus, Get Up to $10,000 in Travel Value!legal disclaimer †
Whether you want to invest for growth or income, a professionally managed mutual fund or portfolio solution can help you reach your long-term investment goals.
- Step 1 Open one or more eligible RBC account(s), such as a TFSA or RRSP, by March 31, 2026.
- Step 2 Contribute or transfer-in funds in RBC mutual funds and/or other eligible products within one or more eligible accounts by May 29, 2026.
Ways to contribute:
- Make lump sum contributions that equal to at least $5,000, or
- Set up and process pre-authorized contributions (PACs) of $500+ per month
- Or do a combination of both
- Step 3 Be an Avion Rewards member by May 29, 2026 (if you're not already a member). It's free and easy to join.
We'll deposit your Avion points into your Avion Rewards account in four payments. Each payment will be made within eight weeks after: May 31, 2026; August 31, 2026; November 30, 2026; and February 28, 2027.
Earn 1 Avion point for every $2 dollars invested, plus 12,500 bonus points —up to 500,000 Avion points!
| Qualifying Net Contributions (CAD): | Avion points you will receive: | Value (CAD): |
|---|---|---|
| $5,000 (minimum) | 15,000 | $350 (round-trip flight for a quick getaway) |
| $45,000 | 35,000 | $750 (round-trip flight to explore North America) |
| $105,000 | 65,000 | $1,300 (round-trip flight to visit Europe) |
| $975,000 | 500,000 | $10,000 (5 round-trip flights to see the world) |
You can also redeem points for hotels, car rentals, gift cards, merchandise, cash contributions to an RBC Direct Investing account, to pay for trade commissionslegal disclaimer 13 and more!
Conditions apply. See full offer terms and conditions.
Benefits of Mutual Funds
A mutual fund is a convenient way to invest in a pool of stocks, bonds and other securities that is managed on your behalf by an experienced money manager. At RBC, you can invest in individual RBC mutual funds as well as RBC Portfolio Solutions, which offer a well-diversified portfolio in one easy solution.
-
Professionally Managed
A professional money manager makes the investment decisions and monitors the markets, so you don’t have to.
Professionally Managed
A professional money manager makes the investment decisions and monitors the markets, so you don’t have to.
-
Something for Everyone
Whether you want growth, a conservative investment, or something in-between, there’s a mutual fund for you.
Something for Everyone
Whether you want growth, a conservative investment, or something in-between, there’s a mutual fund for you.
-
Easy to Invest
You can have a professionally managed portfolio for an initial investment of just $500.
Easy to Invest
You can have a professionally managed portfolio for an initial investment of just $500.
-
Access to Markets
Get convenient access to global capital markets, including equities and fixed income.
Access to Markets
Get convenient access to global capital markets, including equities and fixed income.
-
Investment Variety
Mutual funds invest in a variety of equities, bonds and other holdings, giving you a balanced and diversified portfolio.
Investment Variety
Mutual funds invest in a variety of equities, bonds and other holdings, giving you a balanced and diversified portfolio.
Five Portfolios. Five Impressive Track Records.
Use the interactive chart below to view how RBC Select Portfolios have outperformed their peer groups.
RBC Select Balanced Portfolio, the largest balanced fund in Canadalegal disclaimer 2 has outperformed its peer group by 7.80% based on 5 years of performance data.
RBC Select Balanced Portfolio, the largest balanced fund in Canadalegal disclaimer 2 has outperformed its peer group by 17.38% based on 10 years of performance data.
Ideal for medium-to-long term investors who want a low-to-medium risk investment that offers modest income potential and the opportunity for growth.
↑
17.38%
↓
Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from November 1, 2015, to October 31, 2025, RBC Select Balanced Portfolio Series F compared to its Peer Group – Global Neutral Balanced category. RBC Select Balanced Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Neutral Balancedlegal disclaimer ‡ category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns.
Standard performance data for RBC Select Balanced Portfolio - Series F as of October 31, 2025, is – 1-yr: 15.0%, 3-yr: 14.1%, 5-yr 9.0%, 10yr: 7.5%. Standard performance data for Morningstar Global Neutral Balanced category as of October 31, 2025, is – 1-yr: 11.9%, 3-yr: 11.9%, 5-yr 7.5 10yr: 5.9%.
View the historical performance of more funds:
Try the Investment Performance SnapshotPut your U.S. Dollars to work
Choose from USD-denominated mutual funds and work towards your financial goals.
Benefit from Global Expertise and One-on-One Advice
Investing in RBC mutual funds gives you access to the expertise of RBC Global Asset Management, Canada’s largest fund company by assets.legal disclaimer 2 You can meet over video chatlegal disclaimer 3, by phone or in person with an advisor who can help you:
- Build a diversified portfolio to manage risk and volatility
- Choose from a wide range of GICs and mutual funds
- Talk through financial matters that are on your mind
12,000+
Licensed advisorslegal disclaimer 4
3,200+
Financial plannerslegal disclaimer 5
4 million+
Canadians investing with RBClegal disclaimer 6
Mutual Fund FAQs
- Not currently hold one of the as of December 1, 2025 (previous eligible accounts that were closed prior to the start of the qualifying period do not impact your eligibility)
- Open one or more between December 1, 2025 and March 31, 2026
- Be a Canadian resident and at least the age of majority in your province/territory when you open your eligible account(s)
- Be an Avion Rewards member by May 29, 2026 (if you're not already a member). It’s free and easy to join.
- May 31, 2026
- August 31, 2026
- November 30, 2026
- February 28, 2027
| Qualifying Net Contributions (CAD): | Avion points you will receive: | Equivalent Value (CAD): |
|---|---|---|
| $5,000 (minimum) | 15,000 | $350 (round-trip flight for a quick getaway) |
| $45,000 | 35,000 | $750 (round-trip flight to explore North America) |
| $105,000 | 65,000 | $1,300 (round-trip flight to visit Europe) |
| $975,000 | 500,000 | $10,000 (5 round-trip flights to see the world) |
You must be a member of the Avion Rewards program (Avion Elite or Avion Premium membership level) before May 29, 2026 to receive the Avion points. It’s free and easy to join.
To learn more about Avion Rewards and the value of your points, visit the Avion Rewards site.
In general, you can:
- Make lump sum contributions that equal to at least $5,000, or
- Set up and process pre-authorized contributions (PACs) of $500+ per month, or
- Do a combination of both
For example, if you open an eligible account through RBC Royal Bank (an RBC TFSA or RRSP, for instance), you may contribute $2,500 into savings deposits and $2,500 into a 2-year term GIC, and your total of these investments would meet the qualifying criteria.
Alternatively, you can also set up pre-authorized contributions in RBC mutual funds (distributed by Royal Mutual Funds Inc.).
If you open an eligible account through RBC Direct Investing (an RBC Direct Investing TFSA or RRSP, for instance), you can make cash deposits and purchase securities listed on a U.S. or Canadian exchange, including:
- Stocks and Options
- Exchange-Traded Funds (ETFs)
- Mutual Funds
- Guaranteed Investment Certificates (GICs)
- Bonds
- And more …
- If you are already a member, you’ll be directed to your home page to see your points balance.
- If you are not already a member, your sign in attempt will activate your account.
- Become an RBC client by opening an eligible product.
- Sign in to Avion Rewards using your RBC Online Banking login to activate your membership. (You can become a Premium or Elite member depending on what account or card you have.)
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).
It’s best to work with an RBC advisor to find the investments that best meet your goals, objectives and tolerance for risk.
You can buy mutual funds several ways:
- If you have RBC Online Banking access and an up-to-date Investor Profile, you can purchase mutual funds online. For non-registered mutual funds, you must have an RBC Royal Bank chequing or savings account. For mutual funds in registered accounts (i.e., TFSA, RRSP) you must have an existing registered plan and an RBC Royal Bank chequing or savings account. Sign in to buy mutual funds online
- Call us at 1-800-463-3863. We'll be happy to discuss your goals and help you choose the type of investments that best suit your objectives.
- Visit your branch. We recommend booking an appointment ahead of time by calling us at 1-800-769-2511.
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:
- Call us at 1-800-463-3863. We'll be happy to help you.
- Visit your branch. We recommend booking an appointment ahead of time by calling us at 1-800-769-2511.
Get up to $10,000 in travel valuelegal disclaimer †
When you open your first eligible account and invest $5,000 or more in RBC mutual funds.
View Legal DisclaimersHide Legal Disclaimers
Funds in the Canadian Fixed Income Balanced category must invest at least 70% of total assets in a combination of equity securities domiciled in Canada and Canadian dollar-denominated fixed income securities. In addition, they must invest greater than 5% but less than 40% of their total assets in equity securities.
Funds in the Global Fixed Income Balanced category must invest less than 70% of total assets in a combination of equity securities domiciled in Canada and Canadian dollar-denominated fixed income securities. In addition, they must invest greater than 5% but less than 40% of their total assets in equity securities.
Funds in the Global Equity Balanced category must invest less than 70% of total assets in a combination of equity securities domiciled in Canada and Canadian dollar-denominated fixed income securities. In addition, they must invest greater than 60% but less than 90% of their total assets in equity securities.
Funds in the Global Equity category must invest in securities domiciled anywhere across the globe such that their average market capitalization is greater than the small/mid cap threshold, and invest more than 10% and less than 90% of their equity holdings in Canada or the U.S. Funds that do not meet any of the requirements of other geographic equity categories and have no formal restrictions that limit where they can invest will be assigned to this category.
All Avion Rewards members with the exception of Personal ION Accounts, Avion Rewards Core Product Accounts and Avion Select members may redeem Points for an RBC Travel Reward at the rate of 100 Points per $1.00 CAD to pay for all or part of your booking, including associated taxes and fees. A minimum of 1,000 Points must be redeemed. A service charge and other conditions may apply.
If you have a Personal ION Account or an Avion Rewards Core Product Account, you may redeem your Points for an RBC Travel Reward at the rate of 100 Points per $0.58 CAD to pay for all or part of your booking, including associated taxes and fees. A minimum of 2,500 Points must be redeemed. A service charge and other conditions may apply. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates.
Redemption rates vary depending on redemption category. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).
-
You must be "Eligible Client", who:
-
Is a resident of Canada and of the age of majority in the province or territory in which they reside as of the date the Eligible Investment Account is opened; and
-
Is a new investment client for:
-
Royal Bank of Canada ('RBC') or Royal Mutual Funds Inc. ('RMFI') and opens a new Eligible Investment Account with either RBC or RMFI within the Qualifying Period. A new investment client to RBC or RMFI is a person who does not hold a personal investment account with RBC or RMFI before the first day of the Qualifying Period.
AND/OR
-
RBC Direct Investing Inc. (RBC Direct Investing) and opens a new Eligible Investment Account with RBC Direct Investing within the Qualifying Period. A new investment client to RBC Direct Investing is a person who does not hold a personal investment account with RBC Direct Investing before the first day of the Qualifying Period; and
-
-
is an Avion Rewards member before May 29, 2026. For more information on eligibility visit https://www.avionrewards.com/eligibility.html
-
Open one or more new "Eligible Investment Account(s)" with RBC, RMFI or RBC Direct Investing between December 1, 2025, and March 31, 2026, inclusive (the "Qualifying Period"). Eligible Investment Accounts means any one of the following personal investment accounts:
| For RBC & RMFI Inc. | For RBC Direct Investing Inc. |
|---|---|
|
|
You must meet the "Qualifying Criteria":
-
You must transfer or deposit at least $5,000 in Net Qualifying Contributions (defined below) to your new Eligible Investment Account(s) considered collectively across RBC, RMFI and RBC Direct Investing though:
- One or more lump-sum contribution(s) before May 29, 2026 (inclusive) (the 'Contribution Deadline'); or
- A Pre-authorized Contribution (PAC) of at least $500 per month, with the first payment being processed before the Contribution Deadline, until February 28, 2027; or
- A combination of lump-sum contributions and PAC that amounts to at least $5,000 in Qualifying Net Contributions by February 28, 2027.
Qualifying Net Contributions means the total of all lump sum contributions collectively deposited or transferred into your Eligible Investment Account(s) by the Contribution Deadline, less any withdrawals from any Eligible Investment Account(s) on or before February 28, 2027. For PACs, the Qualifying Net Contributions will be the annualized amount of the PAC as of the Contribution Deadline. Contributions or transfers from non-RBC affiliated legal entities and RBC Personal Banking Accounts will qualify but contributions or transfers-in from other RBC-affiliated legal entities do not qualify (including but not limited to Royal Mutual Funds Inc., RBC Direct Investing Inc., RBC InvestEase Inc., RBC Dominion Securities Inc., RBC Dominion Securities Global Inc., Phillips, Hager & North Investment Services, RBC Phillips, Hager & North Investment Counsel Inc, Royal Trust Corporation of Canada and the Royal Trust Company). If your Qualifying Net Contributions fall below the minimum required under the Offer at any time on or before February 28, 2027, you will cease to qualify to receive Avion Points under the Offer.
-
For new Eligible Investment Accounts held at RBC and RMFI, your Qualifying Net Contributions may only be held in "Eligible Product(s)". Eligible Product(s) means RBC Registered Savings Deposit, RMFI distributed Mutual Funds or RBC Non-Redeemable Guaranteed Investment Certificate (GICs) with terms of 2 years or longer. Canadian and US dollar Mutual Funds and GICs that are transferred to RBC and RMFI will qualify as Qualifying Net Contributions where allowed. If you contribute to multiple Eligible Products during the Qualifying Period, all the contributions and/or transfers-in (net of withdrawals and/or transfers-out) will be added together to assess the qualification for the Offer.
-
Securities transferred in-kind to new Eligible Investment Accounts to RBC Direct Investing, will only count towards 'Qualifying Net Contributions' if the securities are listed on a US or Canadian exchange. Options and securities not listed on a Canadian or U.S marketplace will not qualify towards Qualifying Net Contributions.
Clients will receive four payments of Avion points. One Avion points payment will be made within eight weeks after May 31, 2026, August 31, 2026, November 30, 2026, and February 28, 2027, respectively, provided the Eligible Client continues to meet the Qualifying Criteria at the time of the payment.
This offer is only available to the primary account holder of a joint account, and is only available once per Eligible Client.
This Offer may be modified, restricted, withdrawn or extended at any time without notice at the sole discretion of RBC Direct Investing, RBC & RMFI and is subject to the full terms and conditions of the Offer.
Investment Accounts Eligible for This Offer
The following RBC investment accounts are eligible for this offer:
Tax-Free Savings Account (TFSA)
Invest for any goal—tax-free. Pay no taxes on any investment earningslegal disclaimer 7,legal disclaimer 8 and withdraw your money at any time for any reasonlegal disclaimer 9.
Registered Retirement Savings Plan (RRSP)
Invest for retirement and defer taxes on investment earningslegal disclaimer 8,legal disclaimer 10. Contributionslegal disclaimer 11 are tax-deductible and could help lower your tax bill.
Contribute by March 2, 2026, for 2025 deductions.
Registered Education Savings Plan (RESP)
Invest for a child's post-secondary education with tax-deferred investment growth and direct government assistancelegal disclaimer 12.
Non-Registered Investment Account
Invest in an account that lets you access your money when you need it.
Investment Products Eligible for This Offer
The following investment products are eligible for this offer:
- RBC Registered Savings Deposit*
- RBC Mutual Funds (distributed by Royal Mutual Funds Inc. (RMFI))*
- RBC Guaranteed Investment Certificates (GICs) with terms of 2 years or longer
* May be purchased through pre-authorized contributions.
Contributions and Transfers Eligible for This Offer
Contributions or transfers from your personal RBC bank account or a non-RBC-affiliated financial institution will qualify for this offer.
Contributions or transfers from other RBC-affiliated financial institutions will not qualify for this offer. This includes, but is not limited to, Royal Mutual Funds Inc.; RBC Direct Investing Inc.; RBC InvestEase Inc.; RBC Dominion Securities Inc.; RBC Dominion Securities Global Inc.; Phillips, Hager & North Investment Funds Ltd.; RBC Phillips, Hager & North Investment Counsel Inc.; Royal Trust Corporation of Canada; and the Royal Trust Company.