买基金更省钱，证监会：份额持有超一年不再收销售服务费

Core Viewpoint - Starting from 2026, investors in China will benefit from reduced costs when purchasing mutual funds due to the revised regulations by the China Securities Regulatory Commission (CSRC) aimed at lowering fund investment costs [1][2]. Group 1: Fee Structure Changes - The new regulations will lower the subscription fees for public mutual funds, with specific caps: active equity funds will have a maximum subscription fee of 0.8% of the subscription amount, mixed funds at 0.5%, and index and bond funds at 0.3% [1]. - Redemption fees will be fully allocated to the fund's assets, with specific rates based on the holding period: less than 7 days incurs a fee of at least 1.5%, 7 to 30 days at least 1%, and 30 to 180 days at least 0.5% [1]. Group 2: Sales Service Fees - For funds that do not charge subscription fees, sales institutions can charge a sales service fee, capped at 0.4% per year for equity and mixed funds, 0.2% for index and bond funds, and 0.15% for money market funds [2]. - Funds held for over one year will not incur additional sales service fees, except for money market funds and other CSRC-approved funds [2]. Group 3: Implementation Timeline - The new regulations will take effect on January 1, 2026, and fund managers must adjust their fee structures within 12 months to comply with the new rules [2].