Let me explain!
The trading rule of the fund is T+ 1, which is sold before 3 pm on the first trading day, and the share is confirmed according to the net value of the first trading day on the second trading day.
Take a fund in Alipay as an example: on April 1 day, 2020 (trading day), a fund had 100 copies, the net opening value at 9: 00 am was 1 yuan, and the total position amount was 100 yuan. All of them will be sold before 3 pm. When the fund falls by -2% at the end of the trading day, the position after selling will become zero. 98 yuan (100*0.98), with the total selling amount to be confirmed before 3pm on April 2nd. 98 yuan will receive the share on the day after the share is confirmed, but the loss of No.65438 +0 is 100*-2%=-2 yuan will still be shown in the income on April 2 yesterday, and this -2 only passed the No.2 (65438 am). To put it simply, the selling share of 1 is not cleared synchronously with the income display of 1, which is easy to confuse people and make people mistakenly think that it is the next day of deduction. I'm not sure that's the case. Anyway, I had similar doubts when I first contacted Alipay Fund, and it only appeared when all the funds were sold.
Of course, there are other possibilities.
1. The trading time or trading day is wrong, which is after 3 o'clock instead of before 3 o'clock, or the non-trading day operation is mistaken for trading day operation.
Second, fee deduction is mistaken for income deduction. Generally, the handling fee for Alipay funds within 7 days is 1.5%, which is very high.
Third, it is not T+ 1 fund. For example, crude oil and US stock related funds are generally T+2.
It is suggested that retail investors should study more and observe more when playing stock funds. Only by knowing yourself and yourself can the stock market have soup.
This is because of the rules of fund trading, and the trading open-end fund adopts the "unknown price principle".
The factors affecting the final transaction amount are as follows:
The normal opening hours for calculation errors caused by unclear price principle are Monday to Friday: 9: 30-11:30; 13:00- 15:00
This means that the share will not be confirmed until the second trading day, and the amount sold will not be displayed in the account for one day.
Your situation has nothing to do with the next day's decline or rise, but only with the day you sold it. Because the data are all confirmed by accounting the next day, there will be a feeling that the calculated data is wrong.
So the data we see is "lagging", which will inevitably lead to inaccurate calculation.
Some friends think that it is ok to sell at the valuation, so there will be errors before and after calculating the final result.
Valuation is only a reference to estimate the value of each fund after calculating the overall fund and various expenses according to a fair value, rather than the true net value of the fund unit.
The final net unit value is the accurate data in the system.
However, the accurate unit net value will not be confirmed until the next day. So the unit net value we see is the data of the last trading day.
This will give some investors the illusion.
Different funds and different charging methods have different handling fees.
There are two kinds of fees, all kinds of funds.
1, management fee
2. Custody fee
The charging modes of Class A and Class C funds.
1 and class a are both front-end and back-end. There is a discount for large-sum subscription, and the specific proportion is determined according to the amount of funds. The redemption fee is determined according to the length of the position. The general handling fee is gradually reduced. The longer the time, the lower the handling fee until it is free.
2. Class C is the back-end charge. Free at the time of subscription, but the sales service fee is calculated according to the holding time. The sales service fees of different funds are different. Please refer to the fund details page for details. This fee is calculated at the time of sale and deducted directly from the account.
For less than 7 days, a handling fee of 1.5% will be charged.
This fee is to avoid special setting in day trading. Therefore, investors who buy and sell frequently have to pay a high handling fee within 7 days. 7 days from the date of holding confirmation, including 6 days.
All these expenses just remind everyone not to do nothing, day trading.
To sum up: the money after selling the fund makes you feel that there is something wrong with the calculation, mainly for the above reasons. Therefore, if you understand the trading rules of funds, you can make favorable investment strategies according to your own situation. (Investment is risky, so be cautious when entering the market)