Is there a selling fee for Alipay Fund?
Whether there is a handling fee for Alipay trading funds depends on the fund type. For example, there is no handling fee for buying and selling money funds and wealth management funds on Alipay. The subscription fee and redemption fee will be charged according to the rates of index funds, bond funds, hybrid funds or equity funds, and the specific rates will depend on the fund products.
In the Alipay platform investment fund, you can check the content of the rate in the buying/selling rules of the fund details.
Fund subscription fee = subscription amount * subscription rate, fund redemption fee = redemption amount * redemption rate.
For example, if 10000 yuan subscribes 10000 funds and the subscription rate is 1.5%, then the subscription fee =10000 *1.5% =150 yuan. On the redemption date, the net fund value is 1.5, the redemption rate is 1.5%, and the fund redemption fee is 1 .5 *1.5% = 225 yuan.
Fund trading time: Monday to Friday, 9:30- 15:00. 15: 00, the fund redemption shall be confirmed based on the net value of the fund announced by the fund company after the close of the day, and the net value of the day can generally be found after 19: 00 that night. Although holiday funds are not traded, investors can redeem them on holidays, and their redemption instructions are submitted on the first trading day after holidays, and the redemption price is also calculated according to the net value announced on the night of submission.
The fund follows the principle of unknown price trading, that is, the subscription and redemption of the fund are based on the net asset value of the fund shares after the closing of the application date, and the amount obtained by buying or selling the fund shares is calculated.