Equity funds are not a dollar, and funds are based on net worth. For example, the net value of equity funds is 1.2, then the fund is 1.2 yuan, and the net value of newly issued funds is 1. The fund is a dollar during the subscription period, but it is not a dollar after the new fund is listed and traded.

Equity fund refers to a fund that mainly invests in stocks. It is stipulated that 80% or more of the assets of the fund are invested in stocks, and the rise and fall of the fund is mainly determined by the stocks invested.