Many new investors search for ETFs inside the MoMo e-wallet ("Chứng chỉ quỹ" section). However, it is important to distinguish between Open-Ended Mutual Funds sold on e-wallets and Exchange-Traded Funds (ETFs) listed on HOSE.
Key Differences: MoMo Open-Ended Funds vs. HOSE ETFs
| Feature | HOSE ETFs (E1VFVN30, FUEVFVND) | Open-Ended Funds on MoMo (DCDS, VESAF, SSISCA) |
|---|---|---|
| Where to Buy | Licensed Securities Brokers (DNSE, TCBS, SSI, VPS) | MoMo / Fmarket / Fund company apps |
| Management Strategy | 100% Passive Index Replication | Active Stock Picking by Fund Managers |
| Annual Expense Ratio | 0.50% – 0.85%/yr | 1.50% – 2.50%/yr (+ early redemption fees) |
| Execution Price | Real-time intraday market price on HOSE | Next-session end-of-day NAV cut-off |
| Minimum Investment | 1 lot = 100 units (~1.5M–3.5M VND) | From 100,000 VND |
Conclusion: To buy real exchange-traded ETFs like E1VFVN30 or FUEVFVND with low 0.55%–0.65% annual fees, open a securities brokerage account (such as DNSE, TCBS, or SSI) or use the CVS Securities stock trading mini-app integrated inside MoMo.