2. Different conditions: fund conversion can only be carried out under the same fund account of the same fund management company. Fund redemption and re-subscription are not.
3. Different handling fees: when the fund is converted, investors only need to pay a lower conversion rate, and do not need to pay a higher redemption and subscription rate. Need fund redemption and re-subscription.
Extended data:
Matters needing attention related to fund conversion:
1. The fund conversion fee consists of the redemption fee of the transferred-out fund and the subscription compensation fee between the transferred-in and transferred-out funds. If the sales agent has special provisions, the provisions of the sales agent shall prevail.
2. Fund conversion adopts the mode of front-end to front-end and back-end to back-end. The front-end paid fund share cannot be converted into the back-end paid fund share, nor can the back-end paid fund share be converted into the front-end paid fund share.
3. When the back-end is transferred to the back-end, investors have to pay a redemption fee every time they transfer out of the fund, and 25% of the redemption fee is included in the fund assets. When redeeming the converted back-end share, the back-end subscription fee calculated according to the highest payable rate in the converted fund shall be paid, and the holding time shall be calculated from the confirmation date of the investor's first subscription (application).
4. Investors can make multiple conversions, and each conversion fee is calculated separately.
Baidu Encyclopedia-Fund Conversion
Baidu encyclopedia-fund subscription