The difference between the cumulative net value and the unit net value: 1, and the unit net value is the price of each fund, that is, the buying and selling price you see after the close every day; "Cumulative net value" is usually higher than "unit net value" because the cumulative net value is added with the dividend amount since the establishment of the fund, so it reflects the previous profitability of the fund, so the cumulative net value is more like a "touchstone" to test the fund's profitability. 2. There are also some differences in formula. Net value of fund unit = (total fund assets-fund liabilities)/total fund shares; Accumulated unit net value = unit net value+accumulated dividend amount since its establishment. 3. Investors have different choices. The unit net value reflects the price of the fund on that day, and short-term investors can predict the recent trend accordingly, while the accumulated net value is the accumulation of daily ups and downs since the establishment of the fund, and long-term investors can use it as an important reference to predict the fund trend.

Third:

Why is the cumulative net value lower than the unit net value: 1, and the cumulative net value lower than the unit net value? Monetary funds have no cumulative net value, and generally only publish "net income per 10,000 funds" and "7-day annualized rate of return", that is, net income per 10,000 funds, that is, daily income per 10,000 funds. 7-day annualized rate of return is for reference only. 2. The face value of most money market funds is always 1 yuan, and the income is calculated every day, and there is interest income every day. Investors enjoy the benefits of compound interest, while bank deposits are only simple interest. Monthly dividends are carried forward as fund shares, and dividends are exempt from income tax. 3. For example, if you have 1 10,000 money funds, the net income of each 1 10,000 fund today is 0.7 188, that is, your income today is 0.7 188 yuan, and tomorrow's income should be added with today's profit as the principal: 10000.72 yuan. This income is generally settled once a month by most fund companies.