Buy a money fund in Alipay
1. Subscription fee: no charge.
Money funds usually do not charge subscription fees, whether it is direct sales by fund companies or consignment by securities, banks or platforms, they do not charge subscription fees. Buying Yu 'ebao and money fund in Alipay is a third-party platform, and there is no subscription fee.
2. Subscription fee: no charge.
When buying a new fund at the initial stage of fundraising, the fund company will charge a certain fee in proportion, which is called subscription fee. Yu 'ebao, a special monetary fund, does not charge subscription fees.
3. Redemption fee: No charge.
Some funds will charge a certain redemption fee when redeeming. In the new rules of fund redemption, it is stipulated that the holding time is less than 7 days and the redemption fee is not less than 1.5%. However, the requirements of the new regulations do not apply to money funds, because money funds are current wealth management products, and it is normal to hold them for less than 7 days.
Fees charged for purchasing money funds
Monetary funds do not charge subscription fees, subscription fees and redemption fees, but charge certain management fees, custody fees and sales service fees. This fee is deducted from the net value of the money fund, and the proportion of fees charged is very low.
1. management fee: the management fee is collected by the fund manager according to the contract and is mainly used to pay the fund manager. Generally speaking, the larger the fund, the lower the management fee.
2. Custody fee: The money fund is also to be hosted in the bank, and the custody fee needs to be paid to the bank.
3. Sales service fee: This is easy to understand. In addition to direct sales by fund companies, money funds are also sold through banks and consignment sales, so it is necessary to pay this part of marketing expenses.
It is also because you don't have to pay the subscription fee to buy a money fund like Yu 'ebao in Alipay APP, so many people are willing to buy a money fund like Yu 'ebao. Although the subscription fee, subscription fee and redemption fee are not charged much, for friends who manage money in the short term, not charging these three fees can really improve the expected income.
Introduction to popular reading:
Four major differences between money funds A and B!
Why is the money fund not suitable for long-term holding?