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Beijing News Beike Finance (Reporter Pan Yichun) On July 31, Ant Fund released data saying that as of June 30, it is estimated that it has saved users more than 1.8 billion yuan in transaction fees in the first half of this year.

Over the past year, the mutual fund industry has continued to reduce fees. In July 2023, the fee reform of the mutual fund industry was officially launched. At present, the first and second phases of measures have been implemented. It is estimated that the first two phases of fee reform measures can save investors about 20 billion yuan in costs each year.

The third phase focuses on reducing fees in the fund sales process. In response to this, many fund sales agencies have actively responded by continuing to offer 10% off on subscription fees.

Industry insiders of public funds believe that the industry’s fee reform has effectively reduced investors’ transaction costs, improved investors’ perceived returns, and will promote the fund industry’s transition to the buyer’s era.

Edited by Xu Yuting

Proofread by Chen Diyan