Which is higher, fund fee or stock fee?
The handling fee for a single fund is higher. Fund transaction costs mainly include subscription or subscription fees, redemption or conversion fees, fund management fees and custody fees, of which subscription fees are generally between 1% and 1.5%, and redemption fees are generally between 0- 1%; The transaction cost of stock includes stamp duty, commission and transfer fees. Stamp duty is one thousandth of the transaction amount, while transfer fees is 0.0 1‰ of the transaction amount, and the transaction commission is generally not more than 3‰. It should be noted that stocks and funds have great differences in investment thresholds and trading methods, so there is no clear comparability of specific handling fees.
Specifically, the fees for fund transactions are as follows:
1 subscription fee: the expenses incurred in purchasing the Fund at the end of the raising period. Under normal circumstances, the rate of investment between 0- 1 10,000 yuan is 0. 15%, and the rate of investors investing in this fund between 1 10,000 yuan-5 million yuan is 0. 12%, and the total investment capital exceeds 5 million yuan.
2 Redemption fee: the fee incurred when selling the fund: under normal circumstances, the handling fee rate for holding the fund within 7 days is1.5%; The handling fee rate held within 7 days to 30 days is 0.75%; The handling fee rate for the holding period of 30 days to 365 days is 0.5%; If the holding period is 365 days to 730 days, the selling rate is 0.25%; If you hold the fund for more than 730 days, the selling rate is 0.
③ Custody fee and management fee: During the investment period of the fund, it is accrued daily according to a certain proportion of the net asset value of the previous day, paid monthly and paid directly from the fund assets.
Subscription fee: generally, the fee for subscription of new funds is 1%.
5 conversion fee: the fee incurred when converting the held fund into other funds, including the redemption fee of the transferred fund and the difference between the subscription fee of the transferred fund and the subscription fee of the transferred fund.
The charging standards for stock trading are as follows:
1 transaction commission: the transaction commission is the fee paid by investors to brokers according to a certain proportion of the transaction amount after the securities are closed. The standard rate of commission to brokerage commission shall not exceed 3‰. If the commission for each transaction is insufficient, 5 yuan will be charged according to 5 yuan.
Stamp duty: Stamp duty is the tax paid by the seller at the prescribed tax rate after the stock transaction is completed according to the national tax law. Stamp duty is charged according to the transaction amount of A shares 1‰, and funds and bonds do not have this transaction fee.
Transfer fees: The transfer fees is collected by the securities registration and clearing institution, which refers to the fees paid by the buyer and the seller to change the equity registration after the stock and capital transactions entrusted by investors. Transfer fees is 0.0 1‰ of the transaction amount, which both the buyer and the seller need to charge.
The above is a summary of the basic situation and rates of transaction costs incurred in the process of stock and fund trading. Investors should also consider the handling fee when trading stocks or funds, which is related to the investment cost. In general, if transactions are carried out frequently, the more transaction costs are generated, the higher the investment cost is.