What kind of fund has low fees for buying funds? Everyone knows something about it. Today, Xiaobian specially and completely sorted out the relevant information for your reference, hoping to help you. Understand the types of fund fees
It is very important to understand the types of fund fees when choosing to buy funds. Fund expenses are generally divided into management fees, custody fees and sales service fees. Management fees are the expenses required by fund management companies to manage funds, custody fees are the expenses required by banks or trust companies to keep funds, and sales service fees are the expenses required by fund sales companies to sell funds. Choose a low-cost fund
When buying a fund, it is very important to choose a low-cost fund. Generally speaking, funds with management fees below 1% are excellent, custody fees are generally below .1%, and sales service fees are generally one-tenth to two-tenths. Funds with total fees below 2% are of better quality. Different types of fund fees will also be different, and they need to be selected according to specific circumstances. Choose an index fund
If you want to buy a low-cost fund, then choosing an index fund is a very wise choice. The management fees and sales service fees of index funds are generally lower, because they are passively managed and do not require much manpower and resources. The cost of index funds is also relatively low, because they don't need to carry out high-level research and analysis, but only need to follow the performance of the index.
it is very important to choose low-cost funds. By understanding the types of fund fees, choosing low-cost funds and choosing index funds, we can help us reduce unnecessary expenses and improve our income when buying funds.