When the Alipay fund is redeemed, if the fund is held for less than 7 days, the redemption fee of not less than 1.5% will be charged when it is sold. Funds held for more than 7 days are charged according to the rate announced by the fund company, and monetary funds do not charge subscription and redemption fees.
Buying a fund in Alipay requires not only management fees and redemption fees, but also management fees, custody fees and sales service fees for each fund.