The cost of capital operation includes several aspects. The first is the cost of buying and selling funds, including subscription and subscription fees for buying funds and redemption fees for selling funds. These fees are collected in one lump sum, followed by the operating expenses of the fund, including management fees, custody fees, sales and service fees, etc. These expenses are deducted from the fund assets, and the net value of the fund we see is the net value after deducting these expenses.

The management fee is for fund companies, which use fund assets as investments to help us make money, so this service fee is charged. The custody fee is for the custody bank, and the fund funds are deposited in the bank, not the account of the fund company. The bank keeps this asset to ensure its safe entry and exit, so it charges a service fee.

Sales service fee is used for fund marketing and user service.

These fees are different for different types of funds.

Let's look at the subscription fee first. Generally speaking, the subscription fee of active funds is between 1.2%- 1.5%. The subscription fee for passive funds, namely index funds, is generally between 1.2%, and that for bond funds is generally between 0.8%- 1%. The money fund does not charge subscription fees.

The difference of subscription fee is mainly based on the difficulty of management. At present, the subscription fee for most platforms is 10% off.

In general, if it is held for less than other times, a punitive redemption fee of 1.5% will be charged. If the holding time exceeds seven days, the redemption fee is generally between 0% and 0.5%, and the interval fluctuation mainly depends on the holding time. The longer the time, the lower the rate. Monetary funds do not charge redemption fees.

Then there is the management fee. Generally, the management fees of active funds are from 1.2% to 1.5% per year, index funds are from 0.2% to 1% per year, bond funds are from 0.2% to 1% per year, and monetary funds are from 0. 15% to 0.

Custody fee, active fund management fee is generally 0.2% to 0.25%, index fund is 0. 1% to 0. 15%, bond fund is 0. 1% to 0.2%, and monetary fund is 0.05% to 0.1.

Management fees and custody fees are also determined by management difficulty.