Net asset value of fund units = (total assets-total liabilities)/total number of fund units
Redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through agencies require fund management companies to withdraw part or all of their investments from the funds. People usually refer to funds mainly as securities investment funds.
Let me introduce you to what a fund is:
In a broad sense, a fund refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.
From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The funds we are talking about now mainly refer to securities investment funds.