What's the difference between direct fund sales and consignment sales?
There are mainly differences between fund direct sales and agency sales, such as different expenses, different purchase methods and different customers. The most obvious difference is that the fees for direct selling and consignment of funds are different, and the fees charged by each fund are also different. Investors can inquire in the fund trading rules. In addition, fund direct sales will not charge agency fees, while fund consignment will require agency fees.
Simply put, fund direct selling refers to the direct sales of funds by fund companies, and fund consignment refers to the basis of other third-party sales funds. Fund direct selling is to buy and sell funds directly through fund management companies or fund websites, and fund consignment is to buy and sell funds through third-party institutions such as securities companies.
Direct selling is the fund company's own system, and you can only buy the fund company's own fund. Compared with direct selling products, the fund products of the consignment channel will not be restricted by any fund company, and investors can choose a wider range. General fund direct selling is aimed at customers with large investment, while fund consignment is aimed at ordinary users.
Direct selling is a direct subscription in fund companies, and the fund direct selling platform can only play the role of user diversion; And consignment is to sell funds in institutions such as banks entrusted by fund companies. Fund companies generally only sell the fund products under their own names, while the fund products in the consignment channel are not restricted by fund companies, so investors can choose a wider range.
Summary: There are many trading rules in the fund market. Once investors enter the market, they need to follow the standards. The fund subscription fee varies according to the transaction amount. The higher the transaction amount, the lower the charging standard. At the same time, the fund redemption fee varies according to the holding time. The longer the holding time, the lower the handling fee.