Generally speaking, the fund share is the size of the number of funds you have, which represents the size of the rights and interests you have. In fund transactions, the principal is used for subscription, and after deducting the subscription fee, it is divided by the net transaction value, which is the number of shares in this transaction.
When redeeming, declare according to the number of shares, and then multiply it by the net transaction value, deducting the redemption fee, which is the amount returned to your bank card. When calculating the current market value of your fund, multiply the share by the latest fund net value, which is the market value of the fund.
Extended data:
When calculating the net asset value of fund shares, the fund must be valued. Fund valuation is the key to calculate the net value of fund shares.
Funds usually invest in various investment instruments in the securities market, such as stocks and bonds. Because the market prices of these assets are constantly changing, only by recalculating the net value of fund shares every day can the investment value of the fund be reflected in time.
When calculating the net value of fund shares, three parameters are needed, namely, total fund assets, total fund liabilities and total fund shares.