Buy stocks to see the stock price, buy funds to see the net value. The full name of the fund net value is the fund unit net value, which refers to the total net assets of the fund divided by the total share of the fund. Its calculation formula is: net value of fund unit = total net assets/fund share. Many investors who buy funds for the first time are puzzled. Why is their net fund value unchanged all day? Is it true that the net value of the fund remains unchanged?

Is the daily net value of the fund fixed?

The daily net value of the fund is fixed, and the net value is subject to the closing price of the day, which means that whether you buy the fund in the morning or in the afternoon, it is the same cost. However, it should be noted that if the fund is bought after 15 that afternoon, its net value will be calculated according to the next day, and the net value of the fund on that day will only be calculated at night.

The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities and then divided by the total number of unit shares issued by the fund. The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading.