The rates of money market funds and short-term debt funds are about 0.33% and 0.65%. The management fee is accrued daily and paid by the custodian to the fund manager in one lump sum from the fund assets at the end of the month. In China, actively managed stock funds charge management fees according to the annual management rate of 1.5%, while the annual management rates of index funds and bond funds are between 0.5%- 1.0%.