The position share is less than the principal because the net value of the fund unit is greater than 1. The fund position share is calculated according to the net fund value, and the subscription share = [subscription amount /( 1+ subscription rate) ]/T-day net fund share value.

For example, if an investor buys a fund product with a subscription rate of 654.38+100000 yuan and the net value of the fund share on the subscription day is 654.38+0.0200, then the subscription share = 654.38+00000/654.38+0.0200 = 9803.92, the investor's share will be.

Extended data:

Price calculation

The purchase and redemption price of fund shares shall be calculated according to the net value of fund shares on the purchase and redemption date plus or minus related expenses. The so-called purchase and redemption date refers to the day when the fund share holder purchases the fund share or requests the fund manager to redeem the fund share he holds. The fees mentioned here refer to the subscription fees and redemption fees of fund shares.

The subscription and redemption fees of fund shares are equal to the net value of fund shares multiplied by the subscription and redemption rates. Judging from today's actual operation, the fund manager usually has a certain discount on the purchase and redemption fee for the large amount of fund shares that have been held for a long time. The subscription rate decreases with the increase of subscription amount, and the redemption rate decreases with the increase of the holding period of redemption fund shares.

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