Discount of graded funds refers to a special transaction mode of graded funds. Graded fund refers to a composite fund product composed of parent fund and sub-fund. The investment strategy and risk-return characteristics of the parent fund and the sub-fund are different. The discount of graded funds means that the net value of sub-funds is lower than that of parent funds, resulting in a decrease in the share ratio of sub-funds. Investors need to convert the share of the sub-fund into the share of the parent fund to maintain the net value ratio between the two. The following will gradually introduce the significance, process, matters needing attention and the impact on investors of the graded fund discount.

First, the significance of grading fund discount

The discount of graded funds is to maintain the net value ratio between parent funds and sub-funds, thus protecting the rights and interests of investors. The difference between the net value of the parent fund and the sub-fund may lead to the loss of investors' rights and interests. Through the discount operation, the net value ratio between the parent fund and the sub-fund can be relatively stable, reducing the risk of investors.

Second, the process of grading fund discount

1. Regular discount: graded funds usually set a discount time, such as once every six months or once a year. On the conversion date, investors need to convert the shares of the sub-fund into the shares of the parent fund according to the corresponding proportion.

2. Determination of discount rate: The discount rate is determined according to the difference between the net value of the parent fund and the sub-fund, and is usually adjusted according to the market situation and the judgment of the fund manager. The discount rate is generally not greater than 1, that is, the share of each sub-fund converted into the share of the parent fund does not exceed 1 share.

3. Discount fees: During the discount operation, investors may have to pay certain formalities fees, including fund management fees and conversion fees. Before discounting, investors should know the relevant expenses and make corresponding decisions.

Three, grading fund discount matters needing attention

1. The discount operation should be cautious: investors should fully understand the risk-return characteristics and market conditions of the fund before the discount operation to avoid blind operation.

2. Discount risk: Although the discount of graded funds can reduce the risk of investors, there are still some risks. After the discount operation, the investor's share ratio will change, which may affect the investor's income.

3. Protection of investors' rights and interests: investors should pay attention to the operation of funds and the performance of managers to protect their own rights and interests.

Fourthly, the influence of the discount of graded funds on investors.

1. Stable net value ratio: The discount operation of graded funds makes the net value ratio between the parent fund and the sub-fund relatively stable, which reduces the risk of investors.

2. Income change: Discount operation may lead to changes in the share proportion of investors, thus affecting investors' income. Investors should make decisions according to their own risk tolerance and investment objectives.

3. Expenses: In the process of discount operation, investors may need to pay certain formalities fees, which will also have a certain impact on investors' income.

The purpose of grading fund discount is to maintain the net value ratio between parent fund and sub-fund and protect the rights and interests of investors. Investors should pay attention to risks and expenses when discounting, and make reasonable decisions according to their own situation and market conditions. By understanding the significance, process, matters needing attention and the impact on investors, investors can better understand and grasp the investment opportunities and risks of graded funds.