On what day is the net value of fund purchases calculated?
On what day is the net value of fund purchases calculated? Most people who buy funds for the first time may not be aware of this question. How is the net purchase value of the fund calculated? Is it the relevant net value on the day of purchase? The following is the day on which the net purchase value of the fund is calculated based on the day compiled by the editor. I hope it can help everyone.
The net value of fund purchases will be calculated based on which day
The fund will calculate the income on the day the fund confirms the shares. The fund implements T+1 trading. If the fund is purchased on the trading day, the net value will be calculated on the day of purchase. To calculate the net value at the closing time, the shares are confirmed on the second trading day, and the income is calculated after the shares are confirmed. That is, if the fund is purchased on the trading day, the income is calculated on the second trading day. Fund trading hours: Monday to Friday 9:30-11:30 am, 13:00-15:00 pm, no trading on statutory holidays.
If you buy it before 3 o'clock, is it based on today's price?
If you buy it before 3 pm on the trading day, it will be calculated based on the net value of the fund on that day. Normally Next, you can confirm the share on the second trading day and check the fund's profit and loss after the net value is updated. (As a reminder, QDII funds are affected by various reasons such as time differences and foreign exchange controls, and generally need to be postponed for 1 to 2 trading days)
If it is on a non-trading day, is it before 3 p.m. There is not much difference in buying and selling, they are all non-trading hours, and the calculation is based on the net value of the latest trading day in the future. The profit and loss of the fund can only be seen one day later. For example, if you subscribe on Saturday, it will be confirmed on Tuesday. You can check the fund's profit and loss after the net value is updated on Tuesday.
No trading will be conducted on Saturdays, Sundays and national statutory holidays. Although transactions can be conducted 24/7 online or via mobile apps, in reality, transactions cannot be completed and confirmed until the nearest trading time.
Does redemption and selling follow the first-in, first-out principle?
There is a principle called "first-in, first-out" when redeeming funds. This principle is generally used when funds are redeemed. That is to say, when you buy the same fund multiple times and sell it, the shares you bought first will be automatically redeemed first in the order of purchase time. It's like waiting in line for a bus. The person who arrives first is at the front of the queue and gets priority on the bus.
Generally, there will be such instructions in the fund's prospectus or fund contract:
Redemption follows the "first in, first out" principle, that is, according to the order of investors' subscription and purchase. Redemption is carried out in order; because under normal circumstances, the redemption rate of ordinary open-end funds: the longer the holding period, the lower the redemption rate, and even the redemption fee will be waived. The earlier the fund shares are purchased, the longer the holding time will be, and the corresponding redemption fee will be lower. It is reasonable to adopt the first-in-first-out principle when redeeming, and first redeem and buy the shares that have been held for a long time. .
Suppose a fund charges a 1.5% redemption fee when the holding period is less than 7 days, and a 0.5% handling fee when it is held for 7 days or more. The net value of the fund was 1 half a year ago.
We spent 10,000 yuan to buy this fund with a net value of 1.0000 half a year ago. At this time, we got a share of 1000/1=10,000 shares.
Three days ago, the net value of this fund was 2.0000. We spent another 10,000 yuan to buy it. At this time, we got 10,000/2=5,000 shares.
Choose to sell today. When selling, you need to choose to sell shares. If the shares sold are less than or equal to 10,000 shares, there will be no 1.5% redemption fee, but a 0.5% redemption fee. Fee, because these 10,000 copies were purchased half a year ago.
If the number of redemption shares is 11,000, then the 10,000 shares will be charged a 0.5% redemption fee, and the 1,000 shares will be charged a 1.5% redemption fee.