The net value of the fund, also known as the net value of the fund unit, is the net asset value of each fund unit. The net value of the fund is equivalent to the price of the fund.

This price is calculated by the fund company based on actual position data.

Fund valuation refers to the result of calculation and evaluation of the value of fund assets and liabilities based on fair prices. It is an estimate.

The fund estimation methods of different platforms will be different, but the general logic is the same, so the fund valuations of different platforms will be different.

Even the fund valuation and the fund's net value are subject to change at any time according to market conditions.

There will be a certain gap between fund valuation and fund net value. There are generally three reasons for this gap: the proportion of heavily held stocks. Taking Tiantian Fund as an example, among the fund's holdings, the proportion of the fund's top ten heavily held stocks

The proportion is floating. When estimating the net worth, it is calculated based on the rise and fall of the top ten stocks and the index. The rise and fall of other stocks are not included in the statistics, so it will lead to a certain deviation.

The timeliness of fund reports. Fund reports are published within a limited period of time. For example, fund quarterly reports require fund managers to prepare and complete fund quarterly reports within fifteen working days from the end of each quarter.

, and publish quarterly reports in designated newspapers and websites.

Therefore, there is an obvious lag. During this period, the fund manager may have adjusted positions, so there will be differences in calculations, and the longer the time until disclosure, the greater the difference.

When new funds are introduced, if a fund enters a large amount of funds in a short period of time, relatively speaking, the allocation ratio of equity assets will be passively reduced, and the estimated value and net value will also be deviated.