The difference between fund enhancement A and enhancement C
The difference between fund enhancement A and enhancement C lies in the charging mode: Class A funds need to charge subscription fees, but do not need sales service fees; Class C funds do not need subscription fees, but they need to charge sales service fees. Both types of funds need to charge management fees and custody fees, and the redemption fees vary according to the holding time.
So what's the difference between subscription fee and sales service fee?
Subscription fee is charged at one time, and sales service fee is calculated on a daily basis. For example, the subscription fee and redemption fee of a fund are 0. 15% and 0.25% respectively, which means that the subscription fee for one year is 0. 15% and the sales service fee is 0.25%.
Other expenses include redemption fee, management fee and custody fee. Redemption fee and subscription fee are charged at one time, while management fee and custody fee are accrued daily at a certain annual rate.