Introduction to various expenses of fund transaction:
1, subscription fee. Point out the handling fee paid by the borrower when purchasing the fund share during the fund issuance and raising period. At present, the common calculation method of subscription fee in China is: subscription fee = subscription amount × subscription rate, net subscription amount = subscription amount-subscription fee; The subscription rate is usually around 1%, and there are corresponding discounts with the size of the subscription amount.
2. Subscription fee. Point out the handling fee paid by the borrower when purchasing fund shares from the fund manager during the existence of the fund. At present, the common calculation method of subscription fee in China is: subscription fee = subscription amount × subscription rate, and net subscription amount = subscription amount-subscription fee. The subscription fee for open-end funds shall not exceed 5% of the subscription amount. At present, the subscription rate is usually around 1%, and there are corresponding discounts with the size of the subscription amount.
3. Redemption fee. Refers to the handling fee paid by the lender who already holds the fund share to the fund manager during the existence of the open-end fund. The purpose of redemption fee design is mainly to arrange a compensation mechanism for other fund holders. Usually, redemption fee is included in fund assets.
4. Conversion fee. It is pointed out that borrowers need to pay for the conversion and lending between different open-end funds managed by the same fund management company according to the regulations of fund managers. The fund conversion fee can be calculated by rate method or quota method; When adopting the rate method, the calculation should be based on the net asset value of the fund unit, and the rate should not be higher than the subscription rate.
5. Fund management fee. Refers to the fees paid to the fund manager who actually uses the fund assets and provides professional services for the fund, that is, the remuneration received by the manager for managing and operating the fund. The annual rate of fund management fee is calculated according to a certain proportion of the fund's net asset value, and the expected annual risk return rate of funds with different characteristics varies greatly, such as 0.33% for money market funds, 0.65% for bond funds and 1%~ 1.6% for stock funds.
6. Fund custody fee. Refers to the fees charged by the fund custodian for providing services to the fund, such as the fees charged by the bank for keeping and disposing of the trust property of the fund. Custody fees are usually drawn according to a certain proportion of the fund's net asset value, which is usually 0.25% at present. They are accumulated daily and paid to the custodian monthly.
Extended data
The fixed investment method of the Fund can be completed by fixed investment agreement and manual operation.
These two methods have their own advantages and disadvantages:
Fixed investment agreement: you can deduct money from the bank regularly through the agreement, which is convenient and easy to operate. The defect is that once the fund company suspends the subscription, the fund's fixed investment plan will be interrupted; In addition, there is only one price per day, which lacks flexibility. Of course, for most people, there is only one unknown price that day, which reduces the trouble of re-selection;
Manual operation: generally, there will be no interruption in trading days, and the trading will be temporarily suspended only when dividends, ex-rights and major announcements are made. On the other hand, the price selectivity is strong, which is suitable for people with certain short-term experience. The disadvantage is that it needs trouble. Remember to operate regularly in the venue.
Baidu Encyclopedia: Fund Fixed Investment