Subscription:

For example, if you purchase a private equity fund at 1 0,000 yuan, the subscription rate is 1.5%, and the net value of the fund on that day is 1.2000.

Subscription fee =10000.00×1.5% =150.00 (RMB)

Subscription share = (10000.00-150.00) ÷1.2000 = 8208.33 (copies)

Redemption:

Redeem the private equity fund after 1 month, with the net value of 1.4000 and the redemption rate of 0.5%.

Total redemption amount = 8208.33x1.4000 =11491.66 (yuan)

Redemption fee =11491.66× 0.5% = 57.46 yuan.

Net redemption amount =11491.66-57.46 =11434.20 (yuan)

Net income =11434.20-10000.00 =1434.20 (yuan)

Note: There are two algorithms for share subscription, and the method used by most funds is adopted here.