Buying funds has become the first choice for many people to invest in financial management. Usually, we are most concerned about the income of the fund, but we know little about the fees of the fund. In fact, the expenditure of the fund directly affects the final income. Because of the same level of management and operation, if the expenses are deducted, the income will be reduced, so we should choose a fund with low expenses.

I. Fund management fee

1. The fund management fee is the management remuneration paid to the fund manager, and its amount is generally drawn from the fund assets according to a certain proportion of the net asset value of the fund. The fund management fee of 1.5% refers to the withdrawal of management remuneration according to the net asset value of 1.5%.

2. China's fund management fee is accrued daily and paid monthly according to a certain proportion of the fund's net asset value of the previous day. In other words, the net value announced by the fund every day has excluded the fund management fee.

3. The specific calculation method of the fund management fee is as follows: the daily fund management fee payable = the net asset value of the previous day × the annual management rate ÷365.

4. The fund management fee shall be calculated daily, accumulated to the end of each month and paid monthly. The fund manager sends the fund management fee transfer instruction to the fund custodian, and the fund custodian will pay it to the fund manager in one lump sum within two working days before the next month after review.

Second, expand information.

The operating expenses of the Fund mainly include management fees, custody fees and sales service fees. The management fee is the real commission of the fund company, and the custody fee is the fee charged by the fund company on behalf of the fund custodian bank. Another kind of sales service fee usually only appears in some C-type funds and some innovative funds. Management fees and custody fees are accrued from the fund assets every day. The net value of the fund announced on each trading day has been deducted from the management fee and custody fee, which is invisible to investors and does not need to be paid separately in each transaction.

For example, the fund charges 1.5% management fee and 0.25% custody fee, both of which are denominated in years. The specific calculation method is to add up the management fee and the custody fee (if there is a sales service fee, it should also be added up), that is, the annual fee is 1.75%, and then it is evenly distributed to each trading day in a year, so as to get the share ratio of each trading day. When your subscription share is determined and the market value rises and falls, you will charge the annual fee which is evenly distributed every trading day from the rise and fall. The specific collection method is to deduct in advance before the net value of the fund every night. For example, if your net share value has increased by 1 point today, then this 1 point is the increase of the fund company after deducting the annual fee spread today; If your net worth has fallen by 1 point today, then the loss of 1 point actually includes the annual fee difference of this day. So when you buy an index fund, you will find that the price of the index fund you hold is different from the price of the tracked index, including the annual fee. And the longer you hold the fund, the more you will bear the annual fee cost; The more money you buy, the more the total annual fee will be. The annual fee will eventually be reflected in the fund income held. Therefore, it is more cost-effective to invest in stock funds and choose the one with lower total rate in the same type of funds.