Funds are generally calculated by external deduction method. The subscription amount of the fund includes subscription fee and net subscription amount. The fund share is based on the ratio of the net price of the investment fund to the initial fund unit after deducting the subscription fee. The specific calculation formula is as follows:

Net subscription amount = subscription amount /( 1+ subscription rate);

Subscription fee = subscription amount-net subscription amount;

Subscription share = net subscription amount /T-day fund share net value.

What does the fund share mean?

Fund share refers to the number of funds. When investors buy a fund, they divide the amount they buy by the net value of the fund to get their share in the fund. After buying, the fund share is fixed. For example, if an investor buys a fund of 1 1,000 yuan and the net value of the fund is 1.5, then it can be calculated that the share held by the investor is 666.67.

The fund implements T+ 1 transaction. If the fund is bought on the same day, it is calculated according to the net value at the close of the day of purchase. The share is confirmed on the second trading day, and the income is calculated after the share is confirmed.