The so-called fund conversion is to convert one fund into another, which mainly includes ordinary conversion and advanced conversion. Among them, ordinary conversion usually occurs between two funds managed by the same fund management company. Early conversion usually occurs between funds managed by different fund management companies; Or between funds managed by the same fund management company, but the company has not yet opened ordinary conversion.
Generally, when applying for fund conversion on T-day, the confirmation result will be returned before 24: 00 p.m. on T+ 1 day, and both funds will be confirmed according to the net value on T-day. However, T Day does not include Saturday, Sunday and legal holidays, and is usually bounded by the closing time of the stock market. Every day, T-day is counted before 15, and after 15, it is counted as T+ 1. After applying for fund conversion, you can also apply to cancel the conversion order of the day before the afternoon of T day 15.
To convert funds, just log in to Alipay APP and click "My"; Click "Total Assets" again; Then select "Fund" and click the corresponding fund name to enter the details page; Then click "Convert" and follow the prompts on the page.
There will be some fees for general fund conversion, but the fees for general conversion and advanced conversion will be different.
Also, not all funds support conversion. For example, funds supported by ordinary conversion are generally determined by fund companies, while funds supported by advanced conversion are adjusted according to market fluctuations, valuation and other dynamics. For example, QDII, a regular open-end fund in Hong Kong, temporarily does not support short-term financial management.