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Why should the fund share have a decimal point?
Calculate to the fourth decimal place.

The formula is as follows:

Subscription fee = subscription amount x subscription rate

Net subscription amount = subscription amount-subscription fee

Subscription share = net subscription amount+net asset value of the fund unit on the subscription day.

The fund application fee shall be calculated by rounding, with two decimal places reserved. For example, investor A intends to buy an open-end fund of 9500 yuan, assuming that the net value of the fund unit on the day of purchase is 1.2 yuan. According to the subscription rate specified above, the calculation is as follows:

Claim fee-9500x1.2% =114 (Yuan)

Net subscription amount =9500- 1 14=9386 (RMB)

Subscription share =9386= 1.2=782 1 (copies)

The extended data assumes that1On October 28th, the fund share of Jianxin Xinfeng Return C was 700.24 million, of which 700 million were institutional shares and 240,000 were retail shares. 1The net unit value reported on October 28th was 1.039 yuan. If four decimal places are retained, the net fund value is 65,438+0.089 yuan. If the investors' subscription and redemption on the same day are settled at 1.039 yuan, and all the 700 million shares held by the institution are redeemed at 1.28, the institution will get 727.3 million yuan, which should be 726.95 million yuan according to the net value of four decimal places.

Institutional redemption fund = 7× 1.039 = 727.3 million yuan (net fund value:1.039 yuan).

Redemption funds of institutions = 7× 1.0385 = 726.95 million yuan (assuming actual net fund value:1.0385 yuan).

The published net value of the fund is 0.0005 yuan more than the real net value, that is to say, if there is a huge redemption of the fund, it will be redeemed according to the net value of 1.0390 yuan/share, which is 0.0005 yuan more per share.

How to operate the share after decimal point in the process of fund redemption