1, transaction method
Fund selling refers to the direct sale of the currently held fund shares, and the redemption funds are transferred to the investor's Alipay or bank account in cash.
Fund conversion is to sell the currently held fund share, and at the same time, the redemption amount directly buys another new fund, but the new fund share is received instead of redeeming the fund.
2. Transaction rate
Fund selling needs to bear the fund redemption fee. If you buy a new fund after redemption, you need to pay the subscription fee for the new fund. Fund subscription and redemption rates are determined by fund products.
Fund conversion can bear the redemption fee for the transferred fund, but the subscription fee for the transferred fund (new fund) only needs to make up the difference. If the subscription fee of the transferred fund is less than that of the transferred fund, for example, a stock fund is converted into a bond fund, then the subscription fee of the transferred fund is unnecessary.
3. Trading time
The time for general funds to be sold to the account is T+ 1, that is, they can be received before 24: 00 on the next trading day. The confirmation time of fund conversion is also+1, that is, the application for conversion is submitted on T, and it will be confirmed before 24: 00 pm on T+ 1.
4. Net fund value
The net selling value of the fund and the net conversion value of the fund are calculated according to the T-day net value, and both are traded according to the principle of unknown price. Whether it is selling or converting shares, you can't know the current net value when you operate.
The above content is about the difference between Alipay fund conversion and selling, and I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.