Submit the application for conversion after T day 15, and the net value of the converted new fund shall be calculated according to T+ 1 day, and the holding time shall be calculated from T+2; The holding time of the original fund is from the date of your subscription to T+ 1.
As for the fund conversion fee, even the conversion between funds under the same fund company is not free, and it is necessary to pay the "redemption fee for transferring funds" and "subscription compensation fee". This is lower than your redemption and re-subscription. The specific rates vary from fund company to fund company.
Benefits of fund conversion: First, cost saving: fund conversion also requires a conversion fee, but it is much less than "redemption and re-subscription". The second is to save time: it usually takes at least 5 working days to redeem and buy again; The fund conversion only needs once, and 2 working days is enough.
Fund conversion refers to a business model that investors can directly convert their fund shares into the fund shares of other open-end funds managed by the company after holding any open-end fund issued by the company, without redeeming the fund shares they hold before purchasing the target fund.