The net value of a fund unit refers to the current total net assets of the fund divided by the total share of the fund.

Its calculation formula is: fund unit net value = total assets net value/fund share.

The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities and then divided by the total number of unit shares issued by the fund.

The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading; On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).

Is the lower the unit net value, the better?

Many people buy funds and settle accounts like this: a fund with the same 10000 yuan or 1 yuan can buy 10000 copies, while a fund with 1.4 yuan can only buy more than 7 100 copies, so a fund with lower price can get more shares. Moreover, the higher the unit net value, the more "dangerous" it is, and the greater the possibility of falling.

In fact, the level of unit net worth does not affect the risks and returns of investment funds. Let me give you an example:

Excluding the handling fee, we will divide 1 0,000 yuan into two equal parts and prepare to invest in two funds. The current net value of Fund A is 0.5 yuan, and the current net value of Fund B is 1 yuan. 500 yuan can buy 1000 copies of the fund, and 500 yuan can buy 500 copies of the fund. The next day, the fund rose sharply, and both Fund A and Fund B rose by 2%, so Fund A rose by 0.0 1 yuan each, and Fund B rose by 0.02 yuan each. Profitability is as follows.

Income of Fund A: principal 500 yuan X 2%= 10 yuan or 0.0 1 yuan X 1000 copies = 10 yuan.

B Fund profit: principal 500 yuan X 2%= 10 yuan or 0.02 yuan X500 copies = 10 yuan.

As can be seen from the above assumptions, in fact, the profit and loss brought by high-priced and low-priced funds mainly depends on the principal invested and the daily increase and decrease, and has nothing to do with the share. Although funds with low unit net worth can buy more stocks, it doesn't mean that they make more money than funds with high prices.

Another reason for thinking that the lower the fund price, the better, is that many people think that the cheaper the fund, the greater the upside. For example, the capital of 1 yuan has more room for growth than that of 1.5 yuan.

Cumulative net value, on the basis of unit net value, cumulative dividends and split amounts since the establishment of the Fund.

Everyone knows that some funds will pay dividends more or less every year, so it is impossible to know the usual profitability of the fund through the unit net value of the fund, and it can be made up by looking at the accumulated net value. According to the formula, cumulative net value = unit net value+cumulative dividends, including distributed dividends, can better reflect the income of the fund. By comparing the net value of the two, we can know the accumulated dividends since the establishment of the fund.

For example, the net value of the fund unit is 1.28 yuan. If the fund pays dividends three times since its establishment, the first dividend is 1 0.3 yuan, the second dividend is 1 0.4 yuan, and the third dividend is 0.2 yuan. Calculated by the net value of fund units announced on the same day, the accumulated net value is 65,438+0.28+0.

Because from the cumulative net value, we can see how many dividends have been distributed to investors in the history of the fund, and the cumulative net value is more like a "touchstone" to test the profitability of a fund.

However, it should be noted that the accumulated net value may not necessarily reflect the quality of the fund, because if the fund is issued in the late bull market, it is very likely that the accumulated net value of the fund will be lower than the net value at the time of issuance for a long time to come. (The net value of general fund issuance is 1 yuan).