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Does Alipay Money Fund need management fees?
Yes, no matter what kind of fund, you need to charge management fees. To put it simply, after many investors buy a fund, the fund company appoints a fund manager to manage the fund, so they charge a management fee, which is also the main source of income for the fund manager. The fees collected are generally extracted from the fund assets and collected annually. At present, the higher the fund risk, the higher the fund management fee, and the money market fund management fee is generally between 0.5%- 1%. The higher the risk of other funds, the higher the management fee. Generally speaking:

Warrant fund: management fee1.5% ~ 2.5%;

Bond fund: management fee 0.5% ~1.5;

Equity fund: management fee 1%~2%.

With the intensification of market competition, most domestic funds accrue fund management fees according to the ratio of 1.5%, while the management fees of bond funds are generally lower than 1% and monetary funds are 0.33%.