Monetary fund is a low-risk and high-liquidity investment tool, which is widely used in the fund management of individual and institutional investors. Investors need to know the cost when buying money funds in order to make wise investment decisions. This paper will introduce the cost structure of money fund, including management fee, sales service fee and other fees, and discuss how to collect these fees.

1. Management fee

Management fee is the basic fee of money fund, which is used to support the daily operation and management activities of fund management companies. Management fees are usually calculated on an annual basis and charged according to a certain proportion of the net asset value, which is generally 0. 1% to 0.3% of the net asset value of the Monetary Fund. This means that if you put 654.38 yuan +00,000 yuan into the Monetary Fund, you may have to pay 654.38 yuan+00 yuan in management fees to 30 yuan every year.

2. Sales service fee

The sales service fee is the fee charged by the sales organization for promoting and selling the money fund. These expenses include sales commission, marketing expenses and distribution expenses. The sales service fee is usually charged according to a certain proportion of the subscription amount, which is generally 0.5% to 1% of the subscription amount of the monetary fund. This means that if you buy a monetary fund of 654.38 yuan +00000 yuan, you may have to pay a sales service fee of 654.38 yuan +000 yuan from 50 yuan.

3. Other expenses

In addition to management fees and sales service fees, the money fund may also charge other fees, such as custody fees, handling fees, and foundation fees. These fees are usually fixed and charged annually. Other expenses of the monetary fund may vary according to the specific provisions of the fund contract.

Charging method:

The fee collection method of money funds is "T+ 1" adopted by most fund companies. Specifically, the management fee and other expenses are calculated according to the net asset value of the fund, and the sales service fee is calculated according to the subscription amount of investors.

During the transaction settlement of the money fund, the fund company will calculate the sales service fee according to the subscription date and amount, and deduct it from the investor's transaction amount. This means that when investors buy money funds, the actual share they buy may be slightly less than the subscription amount.

Management fees and other fees will be charged on a daily net basis. According to the management rate and other fee rates, the fund company calculates the daily fee amount according to the daily net asset value of the fund and deducts it from the fund assets.

Summary:

The expenses of the money fund mainly include management fees, sales service fees and other expenses. The management fee is the fee charged by the fund company to support the daily operation and management activities, and the sales service fee is the fee charged by the sales organization to promote the sales of the money fund. Other fees include custody fee and handling fee. These fees are usually calculated on an annualized basis and charged according to a certain proportion of the fund's net asset value or subscription amount.

Money funds usually adopt the method of "T+ 1", that is, the sales service fee is deducted from the subscription amount of investors in the process of transaction settlement, and the management fee and other expenses are deducted from the fund assets in the form of daily net value calculation.

Investors should pay attention to the cost when buying money funds and make wise investment decisions according to their own needs and risk tolerance. At the same time, investors can also compare the cost level and service quality of different fund companies and choose the monetary fund products that suit them.

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