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Why is there less money in my fund?
Because fund transactions require handling fees.

Closed-end funds and LOF funds can be purchased in stock trading accounts of securities companies, and commissions are charged for on-site purchases, which are charged according to stocks. No stamp duty; The commission is generally 2 ‰ according to the regulations of the securities company.

After the fund trading account of the securities company is opened, you can buy the fund he represents. Whether to discount depends on the regulations of securities companies and fund companies. Some funds are discounted and some are not. The cost ranges from 0.6% to 1.5%.

Online banking also depends on the types of funds sold by banks, some with discounts and some without discounts. The minimum subscription fee of 0.6% for Bank of Communications and Xingye is relatively cheap, and ICBC/CCB generally gives a 20% discount.

Extended data:

According to different investment methods, ETFs can be divided into index funds and actively managed funds. Most foreign ETFs are index funds. At present, ETFs launched in China are also index funds. ETF index fund represents the ownership of a basket of stocks, which refers to the index fund traded on the stock exchange like stocks.

The trend of its transaction price and fund share net value is basically consistent with the tracked index. Therefore, investors buying and selling an ETF is equivalent to buying and selling the index it tracks, and can get basically the same income as the index. Usually, it adopts a completely passive management mode, aiming at fitting an index, which has the characteristics of both stocks and index funds.

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