How to determine the fund subscription price? For everyone who just started to buy a fund, everything about the fund is still very strange and needs some knowledge, so Bian Xiao sorted out the calculation method of the fund purchase price, hoping to help everyone.
Calculation method of fund purchase price
The purchase price of the fund is calculated according to the net asset value (NAV) of the fund. NAV is the result of subtracting liabilities from all assets of the fund and dividing by the total share of the fund.
The calculation method of fund purchase price is as follows:
Purchase price = net value of fund unit ×( 1+ subscription rate)
Among them, the subscription rate is the subscription fee charged by the fund company, which is generally expressed as a percentage.
What risks should the fund pay attention to?
Market risk: market fluctuation and related risks of fund investment may lead to the decline of fund net value. Investors should understand the market risks and bear the corresponding risks.
Credit risk: fund investment may face the risk of default by bond issuers. When the bond issuer in the fund is unable to repay the principal and interest, the net value of the fund may decline.
Interest rate risk: An increase in interest rates may lead to a decrease in bond prices, thus affecting the fund's net value. Especially for bond funds, interest rate risk is an important risk factor.
Liquidity risk: some funds are invested in assets that are difficult to realize quickly, such as real estate or private equity, which may lead to the failure to redeem the funds in time.
Currency risk: if the fund invests in other currencies, exchange rate fluctuations may affect the fund's return. Especially when investing in overseas funds or foreign currency funds, you need to pay attention to currency risks.
Risks of fund management companies: the operating conditions and management capabilities of fund management companies may also have an impact on fund performance. Investors should pay attention to the reputation, management ability and financial status of fund companies.
Legal and regulatory risks: changes in relevant laws and regulatory policies may affect the investment strategy, performance and market operation of the fund.
What should investment funds pay attention to?
Know your investment objectives and risk tolerance: Before choosing a fund, know your investment objectives and risk tolerance, and determine whether you are pursuing stable income or high risk and high return. Choose appropriate fund types according to your own situation, such as stock funds, bond funds and hybrid funds.
Choose the right fund company and fund manager: the strength of fund company and the professional level of fund manager have an important influence on the performance of the fund. Understand the historical performance, management scale and research team of fund companies, and choose companies with good reputation and strong professional strength. At the same time, study the background and past performance of fund managers to find out whether their investment styles and strategies meet expectations.
Diversification of investment risks: Diversification of investment is an effective way to reduce risks. Don't invest all your money in one fund, but spread your risk by investing in many different types of funds. Funds from different industries, regions and asset classes can be selected for allocation, so as to realize reasonable dispersion of funds.
Pay attention to the cost of the fund: the cost of the fund is an important cost of investment income. We should carefully understand the management fee, custody fee, sales service fee and other expenses of this fund and compare it with other similar funds. Choose funds with lower fees to reduce the impact on investment returns.
Regularly adjust and review the portfolio: the portfolio should be adjusted regularly according to market conditions and personal risk preferences. When adjusting, we should carefully analyze the performance and prospects of the fund and the changes in the market, and maintain a reasonable risk distribution and income expectation of the portfolio.
Pay attention to market risk and market fluctuation: there are risks in both stock market and bond market, so we need to be alert to market fluctuation. Understand market trends and economic changes, adjust investment strategies in time, and control risks.
Read the fund contract and manual carefully: before investing, read the fund contract, prospectus and product manual carefully to understand the investment scope, investment strategy, operation mechanism and risk warning of the fund. Ensure a comprehensive understanding and accurate expectation of investment products.
How to determine the fund subscription price?
The buying price of on-site funds is determined according to the real-time transaction price. The subscription and redemption of OTC funds before 15: 00 are calculated according to the net value of the fund on the current day, and the subscription and redemption after 15:00 are calculated according to the net value of the next trading day.
The net value of off-exchange funds on the day of successful purchase and redemption will be announced on the next trading day. For the same fund (generally referred to as Shanghai Stock Exchange Fund and LOF Fund), there is no difference between the net value of on-site subscription and off-site subscription.
When should I calculate the money when I buy a fund?
If the fund is purchased before 3 pm on the day of purchase, the fund price is calculated according to the closing price of the day.
If the time of fund subscription is after 3 pm on the trading day, then it needs to be calculated according to the closing price of the next day.
If you buy a fund on holidays, you will postpone it. For example, if you buy a fund after 3 pm on Saturday, the fund price will be calculated according to the closing price next Monday.