Cumulative unit net value = unit net value after the establishment of the fund+cumulative unit dividend amount.

Net growth rate: net asset value (net asset value; NAV)= (total assets of the fund on that day-total liabilities of the fund on that day)/total number of units issued by the fund.

(1) Period growth rate of fund net value = (navt2-navt1)/navt1.

(2) Annual growth rate of fund net value = [(navt2-navt1)/navt1] * [365/(t2-t1)] *100%.

Where t 1 is the start date of the cycle and t2 is the current day.

General securities companies or banks tell their customers (1).

But when we want to compare our performance with other venture capital, we should adopt the second calculation method.

Premium refers to the difference between the net value and the market price. The premium rate should be the discount rate of closed-end funds, and the premium rate should be the premium rate of closed-end funds. If the general market price is lower than the net value, it is called discount, and the discount rate is: (net value-market price)/net value * 100%, indicating a discount transaction.

As a financial product, the market price of fund depends not only on its actual value, but also on its liquidity and expected income. At present, it is normal for closed-end funds to have a certain discount. First of all, its liquidity is relatively poor. Due to the small scale of the fund, once there is a large-scale reduction, it will inevitably cause short-term fluctuations in the net value of the fund. At the same time, when market participants expect the net value of the fund to fall in the future, there will be a certain discount.