How is the holding time of fund shares calculated? Discussed in 4 situations When investors redeem funds, the redemption fees of the fund are different depending on the holding time of the fund. Generally speaking, the longer the holding time, the lower the redemption fees. , there may even be situations where redemption fees are waived. So, how is the holding time of fund shares calculated? Next, I will introduce it to you according to four different situations. 1. Fund shares subscribed Fund subscription usually refers to the process in which investors purchase fund shares during the fundraising period of an open-end fund and when the fund has not yet been established. Usually the subscription price is the face value of the fund unit (1 yuan/share) plus a certain sales fee, and the fund holding time is calculated from the effective date of the fund contract. 2. Subscription of fund shares Fund subscription refers to the act of investors opening a fund account at a fund management company or a selected fund agency and applying to purchase fund shares in accordance with prescribed procedures. The number of fund shares to be purchased is based on the fund shares on the subscription date. The calculation is based on net asset value, and the holding time of fund shares is calculated from the day when the fund shares are confirmed. For example, if the investor purchases and submits the fund shares on the 19th and confirms the fund shares on the 20th, the investor’s calculated fund share holdings will be The time starts from the 20th. 3. Conversion of transferred fund shares Fund conversion means that after investors hold an open-end fund, they think the fund is relatively weak and want to replace the fund with another relatively strong one managed by the fund company. For open-end funds, after conversion, the holding time of fund units shall be calculated from the date of confirmation of conversion application. 4. Fund shares increased by dividend reinvestment Dividend reinvestment refers to converting the cash received from fund dividends into fund shares and distributing them to fund holders. Fund shares increased through dividend reinvestment will be recalculated from the date of share confirmation. Have time. Investment is risky, so be cautious when entering the market