Alipay funds are converted before 3 pm on the trading day, and the income on the day of conversion is calculated according to the net value of the converted funds. Alipay fund is converted after 3 pm on the trading day, and the income on the day of conversion is calculated according to the net value of the fund before conversion.

Fund conversion refers to mutual conversion between funds managed by the same fund company, which has the advantages of cheap handling fee and time saving.