No, the fund sells shares. The fund share multiplied by the net fund value MINUS the selling cost is the amount of money that finally reaches the investors. Total fund assets = net fund value * fund share handling fee.

The transaction price of the fund is calculated according to the net value of the fund. When investors sell funds, they cannot confirm the net value. The net value of the fund is usually announced at 22:00 on the trading day, so they can only sell the fund shares. The funds sold on the trading day will arrive on the second trading day.