Monetary fund is the most common type of fund, and it is also a kind of fund with less risk among many funds. Monetary funds are mainly funds with monetary assets as investment targets. Compared with other types of funds, money funds are more flexible and can be purchased and redeemed at any time. So is there a handling fee for buying a money fund? Let's get to know each other.

Is there a handling fee for purchasing the money fund?

There is also a handling fee for buying money funds for investment. Although money funds do not need to charge subscription fees and redemption fees like other funds, they need to charge sales service fees, management fees and custody fees. The management fee of most money funds is about 0.33%, the marketing fee of money funds' sales services is about 0.25%, and the custody fee of money funds is about 0. 1%. These expenses are directly accrued from the fund assets every day. The net value of the fund that investors see every day has been deducted from the management, custody and sales service fees, and no additional deduction is needed.

When buying money funds, different money funds have different regulations on the handling fee rate, and investors can compare them among multiple funds. When the fund invests, the management fee generated by the monetary fund is paid directly to the fund manager; Pay the fund custody fee to the custodian; The fund sales service fee is based on the fund contract, laws and regulations and a certain proportion of the fund property, which belongs to the fund manager's commission fee.