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What does Alipay's fund conversion refund mean?
It takes two days to change funds in Alipay. If Alipay funds are converted before 3 o'clock on T-day, the converted share is generally calculated by the net value on T-day.

If there is no delay, it will arrive on the second trading day, that is, the converted share will become the share of the second fund. If there are large subscription restrictions for transferred funds, it is necessary to follow the relevant stipulations on large subscription restrictions.

As for the extended data, due to the different daily transfer shares of the Monetary Fund, if you transfer 1 000 copies from the Monetary Fund to other funds every day, you need to charge the redemption fee of the transferred fund and the subscription compensation fee for fund conversion.

Purchase replenishment rate = transfer-in fund purchase rate-transfer-out fund purchase rate. If the subscription rate obtained through segment charging is a fixed fee, the ratio of the fixed fee amount to the lower limit of the corresponding segment amount is taken as the subscription rate.

People's Network-"fund conversion" can realize zero handling fee.