Generally speaking, the expenses of fund transactions include two types: one is the expenses borne by fund investors themselves in the process of fund sales, mainly including subscription fees, redemption fees, fund conversion fees, etc. These fees are generally charged directly when investors subscribe, purchase, redeem or convert. The subscription fee can be charged when investors buy funds, that is, the front-end subscription fee; It can also be charged when investors sell funds, that is, the back-end subscription fee, and its rate is generally decreasing according to the holding period. The other category is the expenses incurred in the process of fund management, mainly including fund management fees, fund custody fees and information disclosure fees. These expenses are borne by the assets of the fund.

Different fund types have different fees for the above accumulation procedures. Money market funds and some bond funds do not charge subscription and redemption fees. In other words, no matter what kind of money fund you buy, there is no charge for subscription and redemption. When investors see the "0 subscription redemption fee" again, it can be clearly seen that this is actually a useless cover.

The fact that the Monetary Fund does not charge subscription and redemption fees does not mean that the transaction with the Monetary Fund is free. All money foundations charge three fees: management fee, sales service fee and custody fee. Different money funds charge different rates, and different sales channels charge different standards for these three fees.

1, by monetary fund category

Operating cost standard of Yu 'ebao

Operating cost standard of BOC life insurance

2. Distinguish by buying a platform.

The purchase channels of money funds are official website, banks, securities companies, third-party institutions and other fund companies. Comparatively speaking, it is more favorable to buy money funds on the third-party fund trading platform. The advantages of purchasing on the third-party fund trading platform are: (1), 40% discount on the subscription and redemption rate. The third-party fund trading platform has the lowest fund transaction fee. (2) There are many kinds of funds, and investors can choose from many fund products.