Cost-effective, fund conversion fee = redemption fee transferred to the fund+conversion compensation fee. If investors sell the fund and buy it again, they need to charge subscription fee and two redemption fees, which are lower than the fund conversion fee, thus reducing the time cost of fund conversion.

Fund conversion refers to the mode that investors can convert into other funds managed by the same fund company when they hold funds, and investors do not need to redeem the funds they hold before buying the target funds.