Usually in funds, money funds do not need to charge subscription fees and redemption fees, but only need to charge corresponding management fees, sales service fees and custody fees. The payment of these expenses is also the daily expenses accrued from our fund assets, so that is to say, this part of the expenses has been deducted from the net value of the fund published every day, and the prohibition shown, that is, our considerable income, does not need to pay other expenses.

Next, let me explain these three expenses. The so-called management fee refers to the fee that we, as investors, pay to the corresponding manager of the fund lock. This is also the main source of income for fund managers. It is based on the net assets of our fund, and then calculated and paid according to the corresponding proportion. Then the sales service fee refers to the marketing fee we pay when we pay the fund, as well as the commission paid to those sales channels and the service fee paid to those fund share holders. These expenses are calculated through relevant contracts and regulations. The final custody fee means that the funds of the fund company or platform are not kept by themselves, but entrusted to the corresponding commercial banks for custody, so the custody fee is generated.

Monetary funds still have many advantages. For example, the money fund does not need any redemption fee, and these three management fees, custody fees and corresponding sales service fees are deducted from the daily net value. Together, it's only a little cost, which is completely negligible.

Monetary funds have regular returns, which are higher than bank deposits in the same period. It will calculate the interest every day and then carry it over to the corresponding share on the same day or month. As long as we deposit for one day, we will have our own income, which will not affect any withdrawal.