Fund custody fee: refers to the fee charged to the fund by the fund custodian for keeping and disposing of the fund assets. 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. This fee is also paid from the fund assets and does not need to be charged to investors separately.
Collection principle:
The fund management fee is calculated daily, accumulated day by day to the end of each month, and paid monthly. The fund manager sends the fund management fee transfer instruction to the fund custodian, and the fund custodian will pay it to the fund manager in one lump sum within two working days before the next month after review.
The fund custody fee is usually drawn according to a certain proportion of the fund's net asset value, which is usually 0.25% at present. Accumulate daily and pay monthly to the custodian. This fee is also paid from the fund assets and does not need to be charged to investors separately.
Extended data:
Fund management fee rate rules:
The fund management fee rate is related to the fund size, generally speaking. The larger the fund scale, the lower the fund management fee rate. But at the same time, the fund management fee rate is also related to the fund category and different countries or regions.
Generally speaking, the higher the fund risk, the higher the fund management fee rate, among which the fund with the highest rate is the securities derivative fund, such as the annual rate of the warrant fund is 1.5%-2.5%. The lowest is the money market fund with an annualized rate of only 0.5%- 1%.
The annual management fees of other funds announced by the Hong Kong Fund Association are: 0.5%- 1.5% for bond funds and 0/%-2% for equity funds. In developed countries and regions such as the United States, the annual management fee of the fund is usually around 1%. However, in some developing countries or regions, the proportion is higher. For example, the annual fund management fee in Taiwan Province Province is generally 1.5%.
China's initial annual fund management fee was 2.5%. With the intensification of market competition, at present, most domestic funds accrue fund management fees according to the ratio of 1.5%. The management fees of bond funds are generally lower than 1%, and the management fees of monetary funds are 0.33%.
In order to encourage fund management companies to use fund assets more effectively, some funds also stipulate that performance rewards can be paid to fund managers. Fund performance compensation is usually based on the growth of managed fund assets. As for the number of withdrawals, Hong Kong stipulates that withdrawals can be made at most once a year.
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