When the fund is sold, it displays the shares, not the total amount. 2,000 is the shares held by investors, and 3,000 is the total amount of investors. Total fund amount = fund net value * fund shares.

When the fund is redeemed, shares are displayed, not the total amount, because the fund is calculated based on the net value at the close of the trading day. When the fund is redeemed on the same day, the net value of the fund is unknown, and only the fund shares are Yes, only fund shares can be redeemed.

Extended information

1. How to calculate the share of the fund?

(1). Subscription

1. Net subscription fund amount = subscription fund amount ÷ (1 + subscription fund rate);

2. Subscription fund fee = Amount of fund subscription - Net fund subscription amount;

3. Subscription fund share = Net subscription fund amount ÷ Net value of fund share on day T.

Suppose an investor subscribes for a fund of 10,000 yuan, the subscription rate is 1.5%, and the net value on that day is 1.2000, then the net fund subscription amount = 1,000÷ (1 + 1.5%) = 9,852.2 yuan, the subscription Fund fee = 1000-9852.2 = 147.8 yuan, and the subscription fund share is 985.22÷1.2000=8210.1 shares.

(2) Redemption

If the investor redeems the fund one month later, the redemption rate is 0.5%, and the net value on that day is 1.4000, then the total amount of redemption = redemption Return share × net value of fund shares on T day = 8210.1 × 14000 = 11494.3 yuan, redemption fee = total redemption amount × redemption rate = 11494.3 × 0.5% = 57.5 yuan, net redemption amount = total redemption amount – redemption fee = 11494.3-57.5=11436.8 yuan.

2. Is there any profit from buying the fund on the same day?

1. There is no profit if the fund is bought on the same day. Currently, the fund calculates the profit on T+1 working days, and the profit time is shown as T+2. Investors should buy before 15:00 on working days. If you buy it after 15:00 on working days, you will get profits on the third day.

2. For example, if an investor buys a fund before 15:00 on Monday, the return will be calculated on Tuesday. If an investor buys the fund after 15:00 on Monday, the return will be calculated on Wednesday.

3. It is worth noting that most fund purchases and sales require handling fees. For example, the handling fee for index funds and stock funds is 0.15%. When an investor purchases 10,000 yuan, the handling fee he needs to pay is 15 yuan.