Fund companies will not deduct management fees, but banks will have to ask whether they will charge small management fees. The management fee of the Fund shall not be drawn from the investor's account.

Management fee refers to the fee paid to the fund manager who actually uses the fund assets, that is, the remuneration collected by the fund manager for managing and operating the fund.

The annual rate of fund management fee is calculated according to a certain proportion of the net asset value of the fund daily and accrued monthly. The domestic management fee is usually 1.5%, which varies according to the fund type.

Daily management fee = net asset value of the previous day × annual management fee ÷ days of the year (365 days)

The net asset value of a fund refers to all assets owned by the fund, including stocks, bonds, bank deposits and other securities, which are generally between 50 million and tens of billions.