The selling price of the fund is far less than the buying price. The possible reasons are: investors bought some funds (that is, sold funds) before redemption, and these funds did not confirm their shares; The fund share redeemed by investors is too small, which leads to the fund being unable to be redeemed; The amount of funds that investors need to redeem is too large, and the fund manager chose to postpone the redemption in part.

I. Fund trading

The trading of funds needs to follow certain trading rules. The purchase and sale of funds are calculated by share, and there will be a starting purchase amount, which is generally 100 yuan. If the net value of the fund is 2 yuan at this time, then buying 100 yuan means buying 50 fund shares. Many funds started with the fixed investment of 10 yuan.

If the fund subscription is submitted on T day, the share will be confirmed on T+ 1 day, and the profit and loss can be seen when the net value is updated on T+ 1 day. The fund only has a net value every day, so as long as you submit it before 3 pm that day, your subscription price will be calculated according to the updated price of the net value that night. If it is submitted after 3 o'clock, it will be postponed to the next trading day. The sale of the fund is also submitted on T day, and T+ 1 confirms the share, but the time for the fund to arrive at the bank card will vary according to different trading channels. For example, every day's funds are T+4 bank cards. The redemption time of money funds will be faster. Generally, T+ 1 can get the bank card.

Moreover, the CSRC stipulates that those who hold it for less than 7 days will be charged a redemption fee of 1.5%, except for monetary funds. It is also to encourage investors to make long-term investments.

Second, buy the fund 100 yuan to sell why there are only more than 50 reasons:

(a) Investors bought a part of the fund before redeeming (i.e. selling the fund), and this part of the fund did not confirm its share. Because investors don't know the price of the fund when redeeming the fund, they can only redeem the fund according to the share. When the fund share is not confirmed, this part of the fund cannot be redeemed.

(2) The fund share redeemed by investors is too small, which makes the fund unable to be redeemed. Because the fund company has a minimum redemption share requirement for fund redemption, if the fund share to be redeemed by investors does not reach the minimum redemption share, investors will be unable to redeem the fund. Different fund companies have different requirements for the minimum redemption share, so investors should ask clearly before redeeming the fund.

(3) The amount of funds redeemed by investors is too large, and the fund manager chose to postpone the redemption in part. When the fund redemption amount is too large, the fund manager has two choices:

(1) Redeem in full. Is to redeem all investors' funds according to normal redemption procedures.

(2) Redemption is partially postponed. If the fund manager thinks that the redemption of investors will have a greater impact on the fund, he can choose to postpone the redemption in part. The fund manager's redemption ratio on the same day cannot be lower than 10% of the total fund share of the previous trading day. On the following trading day, the redemption application of the Fund will be postponed.