Subsequent submissions are calculated according to the net value of the next trading day.
The unknown price method is used to buy open-end funds, that is, when you buy open-end funds, you buy them by determining the amount. For example, you want to buy a fund of 654.38+10,000 yuan, but you don't know how many copies you can buy and how much each one costs. When you sell funds, your share is certain, that is, when you sell, you sell 5000 funds, but you don't know how many these funds have been sold for the time being. In addition to holidays, the fund company will know when it is announced that night.
Assuming that one thousand copies are redeemed, the net value announced that night is 1.5000 yuan, and the redemption rate is 0.5%.
Redemption fee =( 1000 copies * 1.5)*0.5%=7.5 yuan.
Subscription fee 1000 yuan, subscription fee 1.5%.
Calculation method of subscription fee: subscription = 1000 yuan-1000 yuan/(1+1.5%) =14.78 yuan.
In March 2007, the Fund Department of China Securities Regulatory Commission issued a notice to fund management companies and fund custodian banks, requiring fund managers to adjust the calculation method of subscription fees and subscription shares of managed funds according to the "external deduction method" from the date of issuance of the notice.
The specific calculation formula of external deduction method is as follows: net subscription amount = subscription amount /( 1+ subscription rate)