1, monetary fund management fee:
This is the management remuneration extracted from the net assets of the fund according to a certain proportion and paid to the fund manager. Generally, the larger the fund, the lower the management cost.
The management fee is about 0.33%;
2. Money fund sales service fee:
The sales service fee is extracted by the fund manager according to the contract and regulations, and is used to pay the marketing expenses of the fund, the commission on the sales channels and the service fee of the fund share holders.
The marketing rate is about 0.25%;
3. Money Fund Custody Fee:
Because the money raised by the Monetary Fund is to be entrusted to a commercial bank, it is necessary to pay a certain commission to this custodian bank, which is called the custody fee.
Extended data:
There are generally three kinds of fees for purchasing open-end securities investment funds: one is to pay "subscription fee" when purchasing newly established funds; Second, the purchase of old funds needs to pay a "subscription fee"; Third, you need to pay a "redemption fee" when the fund is redeemed. The general subscription rate is 1.2%, the subscription rate is 1.5%, and the redemption rate is 0.5% (money market funds are free).
1. The handling fee paid when buying an open-end fund is generally called subscription fee, and the handling fee paid when selling is called redemption fee. According to the regulations of relevant departments, the subscription fee of domestic open-end funds at present shall not exceed 5% of the subscription amount; The redemption fee shall not exceed 3% of the redemption amount. At present, the subscription rate of domestic open-end funds is generally below 1.8%, while the redemption rate is mostly 0.5%.
2. Generally speaking, the subscription fee ratio of the fund is not fixed, but decreases with the increase of the fund scale. At present, many fund management companies take100000 fund shares as the dividing line. If you subscribe for more than 6,543,800 fund shares, you can apply a relatively low subscription rate. Redemption fee is the fee charged for redemption.
3. It is mainly to reduce the losses caused by investors' excessive redemption to other investors in a short period of time, so it is often slightly punitive. After deducting the basic handling fee, all the redemption fees collected belong to the fund assets to compensate the investors who have not redeemed, and some open-end funds all use redemption fees as the basic handling fee, excluding the fund assets.
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