Fund conversion refers to the behavior that investors convert their fund shares of a certain fund into the fund shares of another fund managed by the same fund manager according to the conditions stipulated by the fund manager. Moreover, the two funds involved must be managed by the same fund manager and registered by the same registrant on behalf of the same sales organization.

In truth, fund transfer is regarded as fund redemption, and fund transfer is regarded as fund subscription. Under normal circumstances, money funds are converted into stock funds, and stock fund subscription fees are charged; When a stock fund is converted into a monetary fund or a stock fund, a redemption fee will be charged for the converted stock fund. The redemption fee of stock base varies according to the holding time.

Fund companies have preferential measures for old holders, and the fund conversion rate is lower than the subscription rate, and some even don't accept it. Therefore, investors can save a lot of money by choosing the right time and using fund conversion. For example, when the stock market is expected to improve gradually, investors should choose equity funds; When the stock market rises to a high level, investors should gradually switch to hybrid funds; When the interest rate is high and the economy is overheated, investors can switch to bond funds or money funds. In addition, investors should also pay attention to the announcement of fund companies. Often, some companies will introduce some preferential measures for fund conversion in order to retain old customers and attract new customers. If it helps you, please set "like", thank you! )