I. Monetary Fund
The letter after the name of the money fund is usually A or B. The biggest difference between A and B lies in the difference in the initial subscription amount. The subscription threshold of Class A money funds is relatively low, generally from 0. 1 yuan or 10 yuan. Class B monetary funds have a high subscription threshold, generally one million.
Take CCB cash income money market fund as an example. The subscription starting point of CCB cash income currency A is 65,438+000 yuan, and the subscription starting point of CCB cash income currency B is 5 million yuan.
Therefore, on many Internet fund consignment platforms, most of the money funds on the line are Class A, and Class B is rare.
In addition, the rates of category A and category B of the IMF will be slightly different. For example, the sales service rate of CCB cash plus currency A is 0. 15%, while that of Class B is only 0.0 1%.
Two. Bond funds, hybrid funds, stock funds and index funds.
The letters after the names of these four types of funds are usually A or C, and the biggest difference between A and C lies in the different transaction rates.
Class A charges subscription or subscription fees, but does not charge sales service fees; Class C charges sales service fees, but does not charge subscription or subscription fees; Both Class A and Class C charge redemption fees according to the holding days.
Because the sales service fee is charged by the day, rather than a one-time charge, it will be more cost-effective to hold Class C in the short term. With the increase of holding time, the comprehensive rate of class A funds will gradually decrease until it is lower than that of class C. Therefore, on the whole, class A funds are suitable for long-term holding, while class C funds are more suitable for short-term holding.
What's the difference between the same fund Agricultural Bank mentioned above? I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.