Compared with stocks, the price fluctuation of the fund is relatively small, and the risk is relatively scattered, but the transaction rate is relatively high. How to calculate the fixed investment rate of Alipay Fund? How long will it take to redeem it without handling fee?
How long does AliPay Fund decide not to charge for redemption?
Different funds have different redemption rates, which are mainly affected by the holding time. The redemption rate of Alipay funds generally does not exceed 0.50%, but if the fund is held for too short a time, the citizens will also face higher redemption fees.
In general, the holding period is less than 7 days, and the rate is1.50%; If the holding days are within 7 to 365 days, the redemption rate is generally 0.50%; If it is held for 365 days to 730 days, the redemption rate is 0.25%; If it is held for more than 730 days, there is generally no redemption fee.
(Source: Alipay, as of: 202 1.05.06)
The fund selling fee is related to the holding date, and the actual fee is subject to the confirmation of the fund company. Redemption calculation formula is:
Total Redemption = Redemption Quantity × Net Fund Share on T Day
Redemption fee = total redemption amount × redemption rate
Redemption amount = total redemption amount-redemption fee
(Source: Alipay, as of: 202 1.05.06)
In addition to the redemption rate, there are generally buying rate, management fee, custody fee, sales service fee and so on. Some funds will have a discount when buying, and the rate is 0. Generally speaking, the longer the fund is held, the lower the rate and the smaller the fluctuation of income, so the fund is not suitable for short-term operation.