When investing in funds (mutual funds, index funds, or ETFs), understanding the costs associated with them is crucial, as fees can significantly affect long-term returns. Here are the main types of costs to consider:
1. Fund Management Fees:

Definition: This is the fee charged by the fund manager for actively managing the fund’s investments. It covers research, decision-making, and portfolio management.
Impact: Higher management fees are typical for actively managed funds, where managers try to outperform the market. These fees reduce your overall returns, so it’s important to weigh them against the potential for better performance.

2. Ongo...