The difference is that if you sell Fund A, the money won't arrive until after 3 o'clock the next day. If you still want to buy fund B on the same day, but there is no money, and the money sold by fund A will arrive the next day, then you can directly transfer from A to B, saving a day or two, and the handling fee remains unchanged.
However, some cross-company, cross-category and cross-regional funds cannot be converted.
Fund conversion is essentially selling old funds and buying new funds, but this process is fully automatic and does not require your manual operation.
The fees that should be charged when the fund is converted will still be charged.
65,438+0,000 converted funds are converted into funds according to the net value, and then the transferred funds are purchased.
The share transferred to the Fund will be calculated according to the net value of transferred funds and transferred to the Fund, and there is no share conversion of 1: 1.
The main advantage of fund conversion is that when the same fund company is converted, there is no need to wait for the sold fund to arrive, and the fund company will immediately help you buy the fund you need to transfer. This will save you 1 day waiting time and repeated buying operations.
If it is a cross-fund company conversion, the time is still the same, but there is one less buying operation.
If the conversion is made before 3 pm on the trading day, the share is generally calculated according to the net value of the fund on that day, and the conversion is made according to the net value of the next trading day after 3 pm.