Banks are also an important channel for fund companies to sell funds, that is, some fund companies sign corresponding cooperation with banks, and banks will sell some fund products of these fund companies on their behalf, and will sell funds to users when depositors go to banks to handle business. So what are the advantages and disadvantages of buying a bank consignment fund for users? Let's get to know each other.

Advantages and disadvantages of bank consignment fund

1 income: the biggest advantage of buying a bank consignment fund is convenience. Users can buy investment in fund products in the bank as long as they open a settlement account, without opening a separate fund account. And you can directly handle deposit and withdrawal, subscription and redemption through the bank APP, which is more convenient in terms of subscription and redemption. If you operate through a fund company, you must download additional applications or register a new account.

Disadvantages: the number of consignment funds purchased in the bank is limited, and the handling fee is relatively high. Banks don't sell all fund products of fund companies, so investors have very limited choice of funds. The original subscription rate of stock funds is generally 1.5%, with little or no bank discount, such as 20% discount. If you buy a fund of 50,000 yuan, the subscription fee is 750 yuan if there is no discount.

The handling fees involved in purchasing funds mainly include management fees, subscription fees/subscription fees and redemption fees, of which management fees are basically not discounted, and redemption fees are generally calculated according to the holding time. The longer the holding time, the lower the redemption rate. The act of buying a failed new fund is called subscription, and the act of buying an established old fund is called subscription. There are many subscription behaviors, so the handling fee for buying funds mainly depends on the level of subscription fees.