In the process of investing in fund products, there is such an operation, namely "fund conversion". Refers to the direct conversion of the fund share of the same fund company held by investors into another fund product share of the same company. Then, in this successful conversion, is the fund conversion calculated according to the net value of the day or the net value of the successful conversion?

Is the fund converted according to the net value of the day or the net value that has been successfully converted?

Fund conversion is calculated on the basis of T-day net value, that is to say, investors submit fund conversion applications on T-day, and whether they transfer in or out of the fund, they are confirmed on the basis of T-day net value. Of course, this T-Day also follows the time demarcation principle of 15:00. If the investor changes before T-day 15:00, it will be calculated according to T-day net value. On the other hand, if investors switch after T-day 15:00, it will be calculated according to the net value of T+ 1. Therefore, the T day of operation conversion is still based on the fund income before conversion, and the converted fund income is only enjoyed on T+ 1 day.

Fund conversion requires the following conditions:

1 Convert on the same sales platform. For example, if both fund products are sold on Alipay platform, the conversion process takes place on Alipay platform, which will not affect investors' fund holdings on other trading platforms.

They are all open-end funds, and they are all tradable.

3 Match the charging mode, that is, whether the front-end charges of the fund are consistent with the back-end charges. Among them, open-end funds with front-end charging mode can only be converted into funds with other front-end charging modes; Funds with back-end charging mode can be converted into funds with other front-end or back-end charging modes.

The above are some knowledge points about fund conversion, so you can pay attention to them.