There are two main reasons why the available share is less than the principal:

(1) The net value of the fund product is greater than 1: Take the fund as an example, the original initial net value of the open-end fund is generally 1, and the new net value of the fund unit will be updated and calculated every trading day after the fund is listed. For fund products with relatively stable expected rate of return, the net value of fund shares may rise, so the net value of shares when investors buy fund products may be higher than 1.

(2) The fund has subscription rate: the transaction rate of the fund includes subscription fee, redemption fee, sales service fee and other items. According to the different charging standards of investment funds selected by investors, the same type of fund products can be divided into class A funds and class C funds. Class A charges subscription fees according to the subscription amount of the fund. The subscription fee is directly deducted from the subscription amount. Therefore, if an investor purchases a Class A fund product, the share held may be less than the principal due to the subscription fee.

funds can be divided into broad sense and narrow sense. In broad sense, they refer to a certain amount of funds set up for a certain purpose, such as trust and investment funds, provident funds, retirement funds, etc. In narrow sense, they refer to funds with specific purposes and uses. Usually, funds mainly refer to securities investment funds.

The income of the securities investment fund comes from the future, and the performance of the income is closely related to the performance of the underlying market of the investment target, which has certain risks.

fund operation skills:

(1) Look at the market outlook before operating: the income from fund investment comes from the future. For example, if you want to redeem stock funds, you can first look at whether the future development of the stock market is a bull market or a bear market. Then decide whether to redeem or not, and make a choice on the timing. If it is a bull market, it can be held for a while to maximize the benefits. If it is a bear market, it is redeemed in advance, and it is safe to leave the bag.

(2) Converting into other products: Converting high-risk fund products into low-risk fund products is also a kind of redemption, for example, converting stock funds into money funds. This can reduce the cost, the conversion fee is generally lower than the redemption fee, while the money fund has low risk, equivalent to cash, and the income is higher than the current interest. Therefore, conversion is also a redemption idea.

(3) Regular fixed redemption: Like regular investment, regular fixed redemption can do daily cash management and stabilize market fluctuations. Regular fixed redemption is a redemption method with regular fixed investment.

Precautions when investing in funds:

(1) Pay attention to arranging the proportion of fund varieties according to your risk tolerance and investment purpose. Choose the fund that suits you best, and set an investment ceiling when buying partial stock funds.

(2) Be careful not to buy the wrong "fund". The popularity of funds has led to some fake and inferior products "fishing in troubled waters", so we should pay attention to identification.

(3) Pay attention to the post-maintenance of your account. Although the fund is worry-free, it should not be left unattended. Always pay attention to the new announcements on the fund's website, so as to get a more comprehensive and timely understanding of the funds you hold.

(4) Pay attention to buying funds and don't care too much about the net value of funds. In fact, the fund's income is only related to the net growth rate. As long as the fund's net growth rate remains ahead, its income will naturally be high.

(5) Be careful not to "love the new and hate the old" and not blindly pursue new funds. Although the new funds have inherent advantages such as preferential prices, the old funds have long-term operating experience and reasonable positions, which are more worthy of attention and investment.

(6) Be careful not to buy dividend funds unilaterally. Fund dividend is the return of investors' previous income, so it is more reasonable to change the dividend method to "dividend reinvestment" as far as possible.

(7) Be careful not to talk about heroes by short-term ups and downs. It is obviously unscientific to judge the merits of the fund by short-term ups and downs, and it is necessary to comprehensively evaluate the fund in many aspects and make a long-term investigation.

(8) Pay attention to the flexible choice of investment strategies such as stable and worry-free fixed investment and affordable and simple dividend conversion.