This is normal. Buying a fund includes the following expenses: subscription fee, fund management fee and redemption fee. Different types of funds charge different fees for different packages, and the subscription and redemption fees of the same fund on different platforms are also different. The fund may also suffer losses. If you buy 5000, you can exchange it for 4300.

There are also many types of funds: money funds (Yu 'ebao), bond funds (divided into long-term debt and short-term debt), stock funds (buying a basket of stocks), index funds (tracking an index, such as CSI 500 and CSI 300), and hybrid funds. You must first understand which type you want to buy.

Suggestion: Ordinary investors should first understand the fund knowledge and their own risk preferences, and choose the fund that suits them.

I personally invest in index funds. If you want to study, you can study books related to Hugging the Base Cover and Bank Screws.