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Why is the redemption share of Sunshine Orange Anyingjikai 1 of China Everbright Bank lower than the subscription share?
The reason why the redemption share of the fund bought is small is because when investors sell the fund, they sell the fund share, not the fund amount.

After the fund redemption application is submitted, the fund company will generally confirm the redemption share on T+ 1 day, and then know the fund net value and redemption amount. After selecting the redeemed fund, the user needs to calculate the redemption amount according to the net value of the unit share of the day. But the net value of unit share changes in real time. Moreover, each fund product has a clear redemption fee collection standard, which is generally held within 7 days, and the redemption fee is calculated at 1.5%.