1k conversion of monetary fund into stock fund = 1k *( 1- subscription rate)/net fund value at that time = number of shares. However, some funds, such as Guangfa, do not charge subscription fees when the share base is converted into share base, that is, the number of shares = 1k/ the net value of the fund at that time is converted into money funds according to redemption. That is, converted share base share = transferred share base share * net value of the day *99.
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. Investors can handle fund conversion in any sales organization that sells both the fund to be transferred out and the target fund. The two converted funds must be managed by the same fund manager represented by the seller and registered in the same registration institution. The fund conversion fee consists of subscription fee and redemption fee.