降费后，购买基金还需要 区分A类、C类份额吗？

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the "Regulations on the Management of Sales Fees for Publicly Raised Securities Investment Funds (Draft for Comments)", initiating the third phase of public fund fee reform, which includes lowering sales fee rates and optimizing redemption fee systems [1][3]. Summary by Relevant Sections A and C Share Classes - A and C share classes of the same fund have identical investment targets and operational methods but differ in their fee structures. A shares charge a front-end fee at the time of purchase, while C shares charge a back-end fee during the holding period [1]. - A shares can dilute costs over a longer holding period, enhancing the compounding effect for investors, while C shares have lower short-term entry costs but may incur higher overall costs due to service fees and redemption fees over time [2]. Fee Structure and Investor Impact - Under the new regulations, if a stock fund is purchased for 100,000 yuan with a common 40% discount rate, the fees for A and C shares converge if held for over one year. However, C shares still have a fee advantage for holding periods between six months and one year [2]. - The adjustments aim to encourage long-term holding by investors, thereby protecting their interests, especially in a market characterized by rapid sector rotation [2][3]. Regulatory Intentions - The revisions in the regulations are designed to promote long-term and value investment practices among investors. For instance, no sales service fees will be charged for stock, mixed, and bond funds held for over one year, and the redemption fee structure is optimized to shift the focus from initial offerings to ongoing management [3].