For investors, you can use this operation to obtain more satisfactory expected returns or avoid corresponding risks. Alipay has a fund conversion method, so what are the advantages of Alipay fund conversion?

What should we pay attention to?

Let’s take a look together next.

Fund conversion mainly includes ordinary conversion and advanced conversion.

Ordinary switching of funds usually occurs between two funds managed by the same fund management company.

Advanced conversion usually occurs between funds managed by different fund management companies, or between funds managed by the same fund management company, but the company has not yet opened ordinary conversion.

Advantages of Alipay fund conversion: 1. Fund conversion is cheaper than fund selling. There is no need to pay subscription fees for fund conversion, and the conversion rate is lower. Subscription and redemption fees are required for subsequent purchases after fund redemption.

2. Fund conversion directly converts the fund shares held by the company into fund shares of other open-end funds managed by the company. Compared with redemption and subscription, it can save a lot of time, so that the purchased funds can fully realize their value.

3. You can effectively avoid risks or obtain higher return opportunities through fund switching.

Tips related to Alipay fund conversion: 1. Generally, if you apply for fund conversion on T day, it will be confirmed on T+1 day, and both funds will be confirmed according to the net value on T day.

2. Every day before 15:00 is counted as T day, and after 15:00 is counted as T+1 day.

After applying for fund conversion, you can also apply to cancel the conversion order on that day before 15:00 pm on T day.

3. T day does not include Saturdays, Sundays, and statutory holidays.

The above is about the advantages of Alipay fund conversion. I hope it will be helpful to everyone.

Warm reminder, financial management is risky, so investment needs to be cautious.