The net value of the fund unit is the current price of the fund. If the net value of a fund is currently 1.5 yuan. So if I have 10000 copies. Then my total assets are 15000 yuan. At this time, I will get 15000 yuan (ignoring the handling fee) when I sell it.

I. Net value of fund shares

The net value of a fund unit refers to the total net assets of the current fund divided by the total share of the fund. Its calculation formula is: fund unit net value = total assets net value/fund share.

The valuation of fund unit net value refers to the estimation of fund net asset value at a certain price. Calculating the net asset value of unit fund is the key. Funds usually invest in various investment instruments in the securities market, such as stocks and bonds. Because the market price of these assets is constantly changing, only by recalculating the net asset value of the unit fund every day can the investment value of the fund be reflected in time.

The valuation principles of fund assets are as follows:

(1) The listed stocks and bonds shall be calculated according to the closing price on the calculation date; If there is no transaction on that day, it shall be calculated according to the closing price of the latest trading day.

(2) Unlisted shares shall be calculated at the cost price.

(3) Unlisted government bonds and unexpired time deposits are calculated according to the accrued interest plus principal on the valuation date.

(4) If it is impossible or inappropriate to determine the asset value in accordance with the above provisions under special circumstances, the fund manager shall handle it in accordance with the relevant provisions of the state.

Second, the purpose

No matter what kind of fund, the total amount of the fund is divided into several equal integer shares at the time of initial issuance, and each share is a "fund unit". In the process of fund operation, the unit price of the fund will change with the change of fund asset value and income. In order to accurately price and quote the fund, so that the fund price can accurately reflect the true value of the fund, it is necessary to estimate the actual representative value of each fund unit at a certain point, and publish the valuation result as the net asset value.

Third, the valuation is determined.

Looking at all kinds of funds around the world, due to different management systems, the specific provisions on the valuation date of fund net assets are not the same. However, it is generally stipulated that the fund manager must calculate and publish the net asset value of the fund at least once every working day or every week or month.

Fourth, the valuation is suspended.

Although the fund manager must evaluate the net assets of the fund according to the regulations, the fund manager has the right to suspend the valuation under the following special circumstances: (1) When the securities trading places involved in the fund investment are closed due to legal holidays or for some reason; There is a huge redemption situation; Other irresistible reasons make it impossible for the manager to accurately evaluate the net asset value of the fund.