What is the growth rate of fund net value? How to calculate?
What is the growth rate of fund net value?
The growth rate of fund net value refers to the growth rate of fund net asset value in a certain period (such as one year), which can be used to evaluate the performance of the fund in a certain period; Cumulative net growth rate refers to the growth rate of the current net value of the fund relative to the net value when the fund contract takes effect, which can be used to evaluate the performance of the fund since its formal operation; Cumulative net growth rate refers to the percentage increase or decrease of fund net value (including dividends) over a period of time.
How is the growth rate of fund net worth calculated?
Net asset value of fund
The net asset value of the fund is the balance of the total market value of the fund assets after deducting liabilities at a certain time, which represents the rights and interests of the fund holders.
Net value calculation of closed-end funds
According to the relevant regulations of China Securities Regulatory Commission, closed-end funds must value their assets at market prices every trading day.
Calculation of net value during fund subscription and redemption
Money market funds, the net value is always 1 yuan. There is no net value problem when purchasing and redeeming. This is a special fund, the net value is always one yuan, which is calculated according to your share when you buy or redeem it. After the market closes every day, the fund company will announce every ten thousand income of the money market fund on that day. In other words, if you buy 10,000 yuan, it is 10,000 copies. If the income of that day is 0.5 yuan, then that day is 50 cents. The net value of on-site and off-site subscription and redemption of open-end funds is limited to 15 on the same day, and the net value announced on the day before placing an order is 15, and the net value announced on the next trading day after 15. LOF funds, ETF funds and closed-end funds are traded at market prices.
Net asset value of fund unit
The net asset value of a fund unit refers to the net asset value of the fund represented by each fund unit. Net unit value = (total assets-total liabilities)/total number of fund units, in which total assets refer to all assets owned by the fund, including stocks, bonds, bank deposits and other securities; Total liabilities refer to liabilities arising from fund operation and financing, including expenses payable to others, interest payable on funds, etc. The total number of fund shares refers to the total number of fund shares issued at that time.
Cumulative net value = unit net value after the establishment of the fund+cumulative unit dividend amount.
The level of fund net value is not the main basis for choosing a fund, but the future growth of fund net value is the key to judge the investment value. The level of net worth is not only influenced by the management ability of fund managers, but also by many other factors. If the fund has been established for a long time, or has grown rapidly since its establishment, the net value of the fund will naturally be higher; If the fund is established for a short time, or the entry time is not good, the net value of the fund may be relatively low. Therefore, if only the current net value of the fund is used as the standard of whether to buy the fund, the wrong decision will often be made. Buying a fund depends on the future growth of the net value of the fund, which is the correct investment policy.
According to the requirements of the CSRC, the formula for calculating the fund net growth rate is: today's net growth rate = (today's net value-yesterday's net value)/yesterday's net growth rate = [today's fund net value-(yesterday's net value-dividend)]/(yesterday's net value-dividend).
The net value used in the above calculation is the current net value, not the accumulated net value. If the cumulative net value is used to calculate, the trouble of dividend treatment can be avoided, but the calculation result has certain error with the above standard result.
Calculation of unit net value of open-end fund
The price of open-end fund transactions is calculated according to the net value of fund units. The calculation method of fund unit net value is as follows: fund net asset value = fund total asset value-fund total debt value; Net Fund Share = Net Fund Asset Value/Total Fund Share; The total assets of a fund refer to the sum of all kinds of securities, principal and interest of bank deposits and other investments owned by the fund. The total liabilities of the fund are liabilities formed during the operation of the fund, including various expenses payable and income payable. The net value of fund shares is calculated daily, in which the net asset value of the fund is the net value of all assets owned by the fund after the closing of the stock exchange on that day, after deducting liabilities. The total number of fund shares refers to the total number of fund shares on that day.
Through the above introduction, what is the growth rate of fund net value? I believe you already know how to calculate.