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When a £1m minimum investment is actually £100

He listens to Investors Chronicle as a 'Talking book' from the RNIB and asks about an "inaccuracy" that he has spotted in our fund tip, Schroder Income Maximiser (IC: 22 May). We recommended that investors buy the 'Z Inc' share class of the fund, which distributes income and has an ongoing charge of 0.91 per cent. And we stated that Z Inc has a minimum investment of £100.

However, our reader says: "Schroders has informed me that the minimum investment is not £100; it is £1m for the Z class fund, the one mentioned by the IC, and £1,000 for the A class fund."

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