Toss Bank has launched a fund service that allows customers to invest from 1,000 won. It introduced 17 products including domestic and overseas stocks, bonds and gold, and also added a function that automatically invests interest paid into an account into a fund.

Toss Bank said on Wednesday it will start the fund service for customers aged 19 or older who hold a Toss Bank account in their own name. The products consist of 17 types, including domestic and overseas stock, bond and mixed funds, gold and money market funds (MMF). Toss Bank will handle fund sales, while each asset manager will oversee management.

It structured product names so users can easily understand the investment target. For example, 'Kyobo Power Index Securities Investment Trust 1 (Stocks) Ce' is shown as 'Tracking the KOSPI 200', and 'Korea Investment Gold-Saving Special Asset Investment Trust (Gold-Fund of Funds) Ce' is displayed as 'Saving gold with small amounts'.

There are 3 investment methods: 'Buy once' to purchase at a desired time; 'Build steadily' to automatically invest a set amount daily, weekly or monthly; and 'Collect interest into a fund' to automatically invest interest received from the account. The minimum investment amount is 1,000 won, and regular automatic investment is available for 16 products excluding MMFs.

All 17 products are online-only Ce class funds with no purchase or redemption fees. Total fees, including management and sales fees, vary by product, and investors may lose principal depending on investment results.

A Toss Bank official said, "We designed the service so customers can understand the investment target through easy product names and build funds even with small amounts or account interest." The official added, "We will provide full information on products and risks so customers can choose according to their investment preferences and goals, and we will strengthen consumer protection."