Fund conversion refers to a business model in which investors can directly convert their fund shares into the fund shares of other open-end funds managed by the company after holding any open-end fund issued by the company, without redeeming the fund shares they hold before purchasing the target fund.

Investors can handle fund conversion in any sales organization that sells both the fund to be transferred out and the target fund. The two funds to be converted must be managed by the same fund manager represented by the seller and registered in the same registration institution.

Extended data:

Conversion condition

The two funds in the conversion application shall meet the following conditions:

(1) Two synchronous open-end funds sold by the same sales organization and registered by the same registrant;

(2) Open-end funds with front-end charging mode can only be converted into funds with other front-end charging modes, and funds with zero subscription fees default to front-end charging mode;

(3) Funds with back-end charging mode can be converted into funds with other front-end or back-end charging modes.

Reference materials? Baidu Encyclopedia-Fund Conversion