Which funds are free of charge?
Fund handling fees are nothing more than subscription fees, redemption fees, management fees, custody fees and sales service fees, of which management fees and custody fees are charged for almost every fund product, so they are not considered for the time being. The main differences between fund transaction fees are subscription fees, redemption fees and sales service fees.
1, Monetary Fund
Money funds are generally bought and sold free of charge, but they will charge a certain management fee, custody fee and sales service fee. However, these expenses have been deducted from the net value of the fund, and no additional deduction is needed when purchasing or redeeming.
Therefore, money funds are basically free, and timely and frequent redemption applications will not increase transaction costs.
2. Class C funds
Some bond funds, stock funds and hybrid funds are divided into Class A and Class C according to the different rules of charging fees, such as Huaxia Convertible Bond A and Huaxia Convertible Bond C.
Class C funds do not charge subscription fees, and redemption fees are charged according to the holding days. The longer the holding days, the lower the redemption rate, and the redemption fee can be waived for a certain period of time. For example, China Convertible Bond C can be held for more than 30 days without redemption fee.
In addition, Class C funds charge a certain percentage of sales service fees, but like money funds, sales service fees have also been deducted from the fund's net value. Therefore, Class C funds can also be regarded as fee-free funds after a certain period of time.
The above information about which funds are free of handling fees, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.