Fund conversion refers to a business model in which 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. So, when do investors start to calculate the income after fund conversion?

When will the income after fund conversion begin to be calculated?

After the fund is converted, the income is generally calculated from the conversion date. If it is transferred to other funds before 15:00 on that day, the income will be calculated on that day. If the fund is transferred to other funds after 15:00 on the same day, the income will be calculated the next day. There is no blank period for fund conversion income, and the income will be calculated every trading day, so investors don't have to worry about no income during the conversion period.

What are the benefits of fund conversion?

First, fund conversion can freely adjust the fund portfolio, thus avoiding market risks. When the market situation changes greatly and the direction of funds in the hands of investors is too different, investors can choose other fund varieties of the same fund company through fund conversion to avoid market risks.

Second, it saves the transaction cost of frequent purchase and redemption of funds. Through the fund conversion business, compared with the normal purchase and redemption business, there is a certain rate discount. The fund conversion fee is generally lower than the subscription fee.

What are the requirements for applying for fund conversion?

1. Two open-end funds that are sold at the same time in the same sales organization and registered by the same registrant;

Second, open-end funds with front-end charging mode can only be converted into funds with other front-end charging modes, and funds with zero subscription fees default to front-end charging mode;

3. Funds with back-end charging mode can be converted into funds with other front-end or back-end charging modes.

The above are some contents of fund conversion, so you can pay attention to it.