How to calculate the fund conversion before 3 o'clock?
If the investor applies for conversion before 3 o'clock, the conversion price is the net value announced that night; If the investor applies for conversion after 3 o'clock, the conversion price is the net value announced in the evening of the next trading day. At the same time, if investors convert Fund A into Fund B before 3pm on the same day, then the income of that day will be counted as Fund A, and the next trading day will be counted as Fund B. If investors convert Fund A into Fund B after 3pm on the same day, then the income of that day and the income of the next trading day will be counted as Fund A, and the income of the next trading day will be counted as Fund B. Therefore, the fund conversion proposal is to operate before 3pm.
What's the difference between fund conversion and selling?
1, the handling fee is different.
The biggest difference between conversion and selling should be the handling fee. Selling and buying the fund directly is equivalent to charging a handling fee for selling and a handling fee for buying. If it is converted, there will be no such handling fee. Just choose the fund to be converted directly, but not all funds support conversion.
2. The preferential strength is different.
Selling is realizing, and conversion is adjusting to other funds. The former usually has preferential rates (see specific rules), while the latter generally has no preferential rates.
The main purpose of fund conversion is to help investors convert loss-making funds into excellent funds. If the fund held by the investor loses money or finds a better fund, then choosing fund conversion can save some costs. If investors need to cash in or find a better fund from other companies, they can choose to sell the fund, and investors need to make a decision according to the actual situation.