Some fund companies or fund agencies have the function of fund conversion. Converting funds can help us avoid the intermediate redemption and subscription process and make fund investment more convenient. Do you know when the net value of the converted fund was calculated?

What is the net value of the conversion fund?

In short, T-day conversion is based on T-day net value. T refers to the trading day of the fund, and Monday to Friday are non-holidays.

Specifically. If the investor makes the conversion before the trading day 15: 00, the converted share shall be calculated according to the net value of that day; If it is converted after trading day or non-trading day 15:00, the converted share shall be calculated according to the net value of the next trading day. It can be seen that the calculation rules of fund conversion net value are the same as those of subscription and redemption.

Compared with redemption funds, fund conversion has the following advantages:

In most cases, 1 enjoys a greater handling fee discount than the normal redemption and re-subscription business by changing the investment variety of the fund.

2 fund conversion business can simplify procedures and save a lot of time.