During the closed period from the subscription date to the date when the Fund is established and open for subscription and redemption, the subscription share will increase at the current interest rate.
Calculation of fund subscription share: net subscription amount = subscription amount /( 1+ subscription rate)
Subscription fee = subscription amount-net subscription amount = subscription share = net subscription amount/net fund value.
The above formula can be combined as: subscription share = subscription amount /( 1+ subscription rate)/net fund value on subscription date.
Subscription and subscription will be confirmed on the next trading day, which can be found online in the evening of the next trading day. In the process of subscription, whether subscription or subscription, investors can submit applications many times during the trading hours. For the subscription application submitted within the fund business processing time on the same day, investors can submit the cancellation application and cancel it before 15: 00 on the same day. After 15: 00, they can't cancel the application.
The subscription and subscription of some funds can be "back-end fees". Front-end charge refers to a charging method that investors pay their corresponding subscription/subscription fees when they subscribe/subscribe for funds; Back-end charging refers to another charging method that investors do not pay subscription/subscription fees first, but pay together with redemption fees when redeeming funds. The back-end subscription/subscription ratio has been declining year by year, and most of them are 0 for more than 5 years. Therefore, investors with long investment years are suitable to choose back-end fees. In addition, once the charging mode is determined, it cannot be changed.
Second, fund redemption.
Redemption refers to the trading behavior that investors sell their fund shares to the fund company to obtain cash during the existence of the fund. Where did you buy it? Go through the exchange formalities. After some funds, the fund share is too low, and the fund company may ask you to redeem them all, that is, compulsory redemption. The exchange amount will be automatically deposited into your bank card.
The net value of the fund at the time of redemption is calculated according to the net value on the redemption date, and it has been published since 18. Therefore, investors cannot accurately grasp the net value of the day when redeeming. So you have to decide whether to redeem it after 14:30 every day. Because, at 14:30, you can see the changes in the estimated net value of the day from the fund website. In general, the fluctuation of net value within half an hour (14:30- 15:00) is relatively small, and the net value of 14:30 can be used as the reference value of the net value of the day.
The redemption rate decreases with the holding period, and equity funds and hybrid funds are generally 0.5% in 1 year; 1 year (inclusive) to 2 years is 0.25%; After a certain number of years, it is 0.
The calculation formula of redemption fund is as follows: redemption amount = redemption share × net value of fund share on the redemption day.
Redemption fee = redemption amount × redemption rate = redemption amount-redemption fee
The combination of the above formulas is: net redemption amount = redemption share × net value of fund share on the redemption day X( 1- redemption rate).
Net redemption amount-principal = profit and loss, positive number is profit and negative number is loss.
Redemption time varies with different fund types. Money funds can be received on the day after redemption, and at the latest on the second day (T+2) after redemption. Bond funds are generally collected by T+3. Generally, stock funds are T+5 at the earliest and T+7 at the latest. It should be noted that the above days do not include public holidays, holidays and other stock market non-trading days; If the stock market is not a trading day, it will be postponed accordingly. T is the redemption date.