Fund literacy articles, beginners must read.

Fund investment is an indirect way of securities investment. The company concentrates investors' funds, which are entrusted by the trustee and managed and used by the manager, and invests in financial instruments such as stocks and bonds to share the investment risks and benefits. Today, Bian Xiao will share with you the knowledge literacy articles of the Fund, which are required reading and are for reference only!

1. How to calculate the fixed investment rate of the fund?

You can enter detailed information in the fixed investment income calculator of Tian Tian Fund Online.

2. Why are equity funds suitable for long-term holding?

Time is a very important concept in investment and financial management. Short-term investment usually means within 1 year, and medium-term investment is 1-3 years. Long-term investment for more than 3 years.

Long-term holding is very important for fund investment for two reasons:

1. The transaction cost of capital is high.

If investors buy and sell frequently in order to obtain the spread income of fund net value, it will greatly increase the cost of subscription and redemption, and most of the income will be swallowed up by transaction costs.

Although the subscription rate of third-party platforms can be discounted, the redemption fee is generally not discounted. According to the different funds, the subscription and redemption of a fund generally costs about 1%, which is much higher than the transaction cost of stocks.

2. More importantly, the investment mode of the fund portfolio generally makes the short-term income of the fund not as good as that of the stock, but it can make the fund obtain sustained and stable income for a long time.

3. Is the higher the net value of the fund, the higher the risk?

The higher the net value of the fund, it does not mean that the risk of the fund is higher.

To facilitate understanding, we take closed-end funds as an example:

Net Fund Share = Net Fund Asset Value/Total Fund Share,

Net asset value of fund = fund assets-fund liabilities.

Assume that Fund A is a closed-end active fund, with 6,543.8+billion shares issued and an initial net value of 1 yuan. After one year's operation, the net value has become 1.2 yuan.

1 year, the net value increased by 0.2 yuan, and the fund share remained unchanged, indicating that the fund assets increased by 20 million. Has the risk of investment fund A increased at this time?

Actually, it is not. Fund companies follow the concept of portfolio. Its operation is actually to buy a stock at a low price. When the stock rises to a certain extent, the risk of the stock also increases, and the fund manager will choose to sell, and the assets will change from high-risk stocks to cash, which reduces the overall risk of the portfolio.

For the investment team with high investment level, this will increase the total assets of the fund, while the overall risk of the fund portfolio is relatively stable. Therefore, the risk of the fund is mainly the risk of the fund portfolio, which has nothing to do with the net value of the fund.

4. Is the new fund more worth investing than the old one?

The advantage of buying a new fund is that the subscription fee during the raising period is cheaper than the subscription fee.

But this new fund is accompanied by more uncertainty:

First of all, the new fund needs to go through a closed period of 1-3 months, during which the fund company and fund manager will invest with the raised funds according to the investment strategy in the fund prospectus. During this period, we can't redeem the subscribed fund, and the liquidity of the fund is zero at this time.

The new fund has no history. We don't know what this fund is like, and there won't be any statistical data for our reference.

The size of the fund is unknown. When you subscribe for a new fund, you can't know in advance how much money the fund will eventually raise. To a large extent, the size of the fund is the enemy of the fund's performance.

5. What is redemption?

Redemption refers to the behavior that investors sell their fund shares to fund managers and recover their funds. Effective redemption applications submitted by investors before the opening day, that is, trading days of Shanghai Stock Exchange and Shenzhen Stock Exchange (9:00- afternoon 15:00) and afternoon 15:00), will be confirmed by the net value calculated on that day according to the principle of "unknown price". Applications submitted after 15:00 are usually

6. What is a huge redemption?

Huge redemption means that when the net redemption amount of an open-end fund on that day exceeds 65,438+00% of the fund size, the fund manager can postpone the remaining redemption applications under the condition that the redemption acceptance ratio is not less than 65,438+00% of the total fund size.

When there is a huge redemption application, investors can choose two ways: continuous redemption or cancellation of redemption. Continuous redemption means that investors choose to redeem the deferred redemption application on the next fund open day in turn.

7. Can the application for fund subscription, subscription or redemption be revoked?

During the period of stock issuance, investors shall not revoke the subscription application that has been formally accepted. For the application for subscription and redemption submitted within the fund business processing time on the same day, investors can submit the cancellation application and cancel it before 15:00 on the same day. The application cannot be cancelled after 15:00.

For example, a fund subscription application submitted after 3 pm on Wednesday can be revoked before 3 pm on Thursday, but it cannot be revoked after 3 pm.

8. How to calculate the price of redemption fund?

Fund redemption follows the principle of "unknown price" and share redemption, and "unknown price" refers to the redemption price on the subscription date.

Taking the net value of fund shares as the calculation benchmark; The principle of "share redemption" means that investors apply for redemption according to the number of shares (and apply for funds according to the amount).

9. When will the fund redemption arrive?

Redemption time of online direct selling fund:

Suppose the fund redemption application is submitted before 3 pm on T-day.

The redemption time of money funds is T+ 1, but now some money funds have realized the redemption function within 2 hours.

Redemption time of stock funds: most of T+3 arrives, and ant wealth T+ 1 arrives. In addition, like Tian Tian Fund, if the funds are redeemed to the platform's monetary fund first and then withdrawn from the platform's monetary fund the next day, they can also be received at T+ 1

Redemption time of bond fund: T+3 days.

10. How to calculate the fund redemption fee?

The redemption fee is deducted from the redemption money when the investor redeems the fund. China law stipulates that the redemption rate shall not exceed 3% of the redemption amount. At present, the redemption rate of domestic stock funds is generally 0.5%, and some funds gradually decrease according to the extension of holding period.

In addition to the monetary fund and short-term financial management fund, other funds hold

Equity funds:

General holding

Hold it for 1-2 years, and the redemption fee is 0.25%.

If it is held for more than 2 years, no redemption fee will be charged.

Articles related to fund knowledge:

★ Introduction to Fund Investment

★ Reading Skills of Annual Report of Securities Investment Fund and Knowledge Fund

★ Correct purchase of fund knowledge

★ Reading Skills of Annual Report of Securities Investment Fund and Knowledge Fund

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★ Four common ways to buy funds