Generally speaking, there is no need to pay any handling fee for the subscription and redemption of money funds, and there are management fees or custody fees, but the amount is very small. Compared with other kinds of funds, money funds have the lowest risk, so their returns are relatively low.

There is no handling fee for buying and selling money funds, and the management fee is also very low, and income is accrued every day. These are the advantages of the Monetary Fund. Secondly, the function of the money fund has become more powerful, showing the function of some cash, and some can also pay credit cards, mortgages, utilities and so on. But low risk does not mean no risk, so please remember!

Extended data:

Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable income and "quasi-savings".

Monetary fund is a rare financial management tool comparable to demand deposit in liquidity and flexibility. Can be purchased at any time, redeemed at any time, and can receive the redemption amount of 1 to 2 days.

References:

Monetary Fund-Baidu Encyclopedia