First of all, we need to subtract the subscription fee. If the subscription fee of Huabao Select is 1.5%, 10000-10000×1.5%=9850 yuan.
Next, we need to calculate the share of the fund held, 9850÷1.1641=8461.47 shares, and the share of the fund is 8461.47 shares.
The net value of Huabao Select on January 15, 2013 was 1.0749, 8461.47 × 1.0749 = 9095.23 yuan.
This fund has been held for more than 6 years and is free of redemption fees. There is no redemption fee.
Therefore, I bought 10,000 yuan. If I redeem it on January 15, 2013, I can get back 9,095.23 yuan.
Analyze how maximum drawdown guides fund investment