What are the investment expenses of the fund?

What are the investment expenses of the fund? How to calculate? New citizens who have just entered the business are at a loss about the various expenses of fund investment, which is even more complicated for those who are not so sensitive to numbers. However, as investors, we can understand that the subscription fee and redemption fee will be fine, but if we want to be more professional, we may notice some differences between the front-end fee and the back-end fee. Let's take a look and calculate with Bian Xiao.

I. Fund investment expenses

1, money fund-no charge.

2. Bond funds-the subscription fee is about 0.8%; The redemption fee is 0. 1%-0.3% (within one year). The redemption fee decreases with the extension of holding the fund, and is generally free for more than three years.

3. Equity funds-subscription fee 1.5%, redemption fee 0.5% (within one year). The redemption fee decreases with the extension of holding the fund, and is generally exempted for more than three years.

This is only a rough standard. The rates of buying funds at bank counters, online banking and fund company websites are different, among which the fund company website is the most favorable. Therefore, you must be clear when you buy it.

Second, the calculation of subscription fee

The calculation formula of fund subscription (subscription) fee: net subscription amount = subscription amount /( 1+ subscription rate); Subscription fee = subscription amount-net subscription amount

The calculation formula of fund subscription (subscription) share: subscription share = net subscription amount/net value of fund share on the subscription day.

Three. Calculation of redemption fee

Calculation formula of fund redemption fee: redemption fee = (net redemption share) redemption rate.

The formula for calculating the amount that can be obtained after fund redemption: redemption amount = (net redemption share)-redemption fee.

Fourth, front-end charges and back-end charges.

In practice, there are two ways to collect fund subscription fees: one is called front-end fee and the other is called back-end fee. The front-end fee is paid when you subscribe, and the back-end fee is paid when you redeem the fund.

But don't confuse the back-end fee with the redemption fee. When buying a fund with a back-end fee, you have to pay a subscription fee in addition to the redemption fee when selling the fund. However, the rate of back-end fees will decrease as the time you hold the fund increases. For example, some foundations that support back-end fees stipulate that the back-end fees can be completely waived if the funds are redeemed after holding for more than 1 year.

Therefore, if you plan to hold the fund for a long time, of course, the back-end charge is more appropriate, which can reduce expenses and gain more shares than the front-end charge when subscribing. But unfortunately, many funds can only default to front-end fees.

5. What are the investment expenses of the fund? How to calculate? For example, more specific.

Example 1: A stock fund1On October 22nd, its net value was 1.5620 yuan. If you subscribe for the fund at 10000 yuan before 15, how much subscription fee do you need to pay and how much share can you get? It is known that the subscription rate of this fund is 1.5%.

The net subscription amount =10000 (1+1.5%) = 9852.22.

Subscription fee to be paid =10000-9852.22 =147.78

Available share = 9852.5438+0.5620 = 6307.44.

Example 2: If you already hold 10000 shares of stock fund and want to redeem them all on 10 year1October 22nd, if you confirm the redemption before that day 15, then the net value of that day is 1.620 yuan, how much redemption fee should you pay? How much can I exchange? The known redemption rate is 1.0%.

Redemption fee to be paid = (10001.620)1.0% =162 (yuan)

Redeemable amount = (10001.620)-162 =16038 (yuan)

Example 3: Take the stock fund as an example to calculate:

Subscription (subscription according to the amount, that is to say, buying a fund of 654.38+10,000 yuan):

Suppose the net value of a fund on the day of your subscription is 0.850 yuan.

Handling fee:100001.5% =1500 yuan.

Actual subscribed capital:100000-1500 = 98500 yuan.

Subscription share: 985000.850 =115882.35.

Redemption (redemption by share, that is, xxxx shares of the redemption fund):

Suppose the net value of a fund on the day of your redemption is 1.250 yuan.

Fund amount:115882.351.250 =144852.94 yuan.

Handling fee: 144852.940.5%=724.26 yuan.