After purchasing the fund, only the redemption fee is charged when selling it. The redemption fee is charged according to the holding time, generally according to the grade, and the specific rate depends on the fund announcement. The calculation formula is: redemption fee = (fund share * fund unit net value) * redemption rate. For example, if a fund is required to be held for more than 30 days, the redemption rate of 1 year is 0.5%. If the investor holds a fund of 1 10000, the redemption rate is equal to 20000×0.5% = 1 000.

To sum up, the longer the fund is held, the lower the redemption fee. Generally, most funds hold 2 years to pay the redemption fee.