1, Fund A Fund A needs to pay subscription fee and redemption fee. Take the Shanghai and Shenzhen 50 Index Funds as an example. If the subscription amount is less than 5 million yuan, the subscription rate is 0.8%, and if it exceeds 5 million yuan, the subscription fee will be charged at 1000 yuan. The redemption rate is charged according to the holding time. If the holding time is less than 365 days, the redemption fee will be charged at 0.5%. From 365 days to 730 days, 0.25% will be charged. If it is held for more than 730 days, the redemption fee can be waived. Fund a does not charge sales service fees.
2. Fund C Fund C does not charge subscription fees, but it needs to charge redemption fees and sales service fees. Still taking the Shanghai and Shenzhen 50 index funds as an example, the redemption fee is charged according to the length of time. If it is held for less than 7 days, it will be charged at 1.5%; if it is held for more than 7 days, the redemption fee will be exempted. The sales service fee is charged at 0.4%, but the sales service fee is calculated on a daily basis, and one day is charged for each day held. The fees charged are directly deducted when calculating the net value of the fund.
1, which fund is better, A or C? The choice of funds A and C can be made according to the holding time of the funds. On the whole, if you choose the short-term operation of Class C funds, the rate will be lower. With the increase of holding time, the rate of Class A funds will gradually decrease until it is lower than that of Class C funds. After a certain period of time, the class A rate will be basically stable, while the class C rate will continue to rise. Therefore, it is better to choose Class A foundation for long-term investment.
2. What's the difference between "closed", "regular opening" and "annual/monthly holding" in the fund name?
Under normal circumstances, open-end funds can be purchased and redeemed on the normal trading day of the exchange (new funds usually have a closed period of no more than 3 months after their establishment, during which they cannot be redeemed). "Closed", "regular opening" and "annual/monthly holding" are all descriptions of the fund operation mode. "Closed" means that the redemption application is not open within the term of the fund contract; "Regular opening" is open for redemption in a specified period; "Holding for * * years/month" means that the subscription is open, but each fund share purchased by investors must meet the minimum holding time before it can be redeemed.
(1) Funds marked "closed" cannot be purchased, redeemed or transferred out during the closed operation period. (2) The operating period of funds marked as "regular opening" can be divided into "closed operating period" and "open operating period", during which subscription, redemption, conversion or transfer cannot be made; After the end of each closed operation period, it will enter the open operation period, during which it can be purchased, redeemed and transferred out. (3) Funds marked as "held for * * years/months" can be subscribed on the normal open day, but a minimum holding period is set for each fund share. That is, for each fund share, when the investor holds less than the minimum holding period, it cannot be redeemed or transferred out; When the investor's holding time is greater than or equal to the minimum holding period, it can be redeemed or transferred out.
3. Why do buy foundations have some "subscriptions" and some "subscriptions"? What is the difference?
Subscription and subscription refer to the purchase of funds. Subscription is the act of buying fund shares during the fund raising period, commonly known as "buying new funds during the issuance period"; Subscription is the act of applying for purchasing fund shares after the fund contract takes effect, commonly known as "purchasing old funds".
The difference between fund subscription and fund subscription lies in: (1) subscription is purchased during fund raising, and subscription is purchased after the fund contract takes effect; (2) Under normal circumstances, once an investor's subscription application is accepted, it is not allowed to be revoked, but it can be revoked within the time stipulated in the fund contract and the sales organization; (3) Subscription is usually based on the initial face value 1 yuan/share, and subscription usually follows the principle of "unknown price", that is, the subscription price is calculated on the basis of the net value of fund shares calculated after the closing of the market on the day of application (except that the monetary fund quotes at face value every day); (4) The subscription share shall be confirmed when the fund contract takes effect, and there is generally a closed period; Subscription shares are generally confirmed within T+3 days, and can be redeemed according to the fund contract after confirmation.