The net value of the fund is calculated by the fund company and the custodian bank respectively, and will be checked with each other after calculation every day. Under normal circumstances, it is impossible to make mistakes. The formula for calculating the net value is: the net asset value of the fund = (total assets-total liabilities)/the total number of fund shares. Because all information will not be disclosed, individual investors cannot calculate. For general funds, selling 10 billion shares is a huge redemption. Huge redemption refers to the situation that the balance of the total share of fund redemption application after deducting the total share of subscription on a single open day of the fund exceeds 10% of the total share of the previous day. When the fund manager thinks it is difficult to pay all investors' redemption applications, or thinks that the realization of assets due to the payment of all investors' redemption applications may cause a large fluctuation in the net asset value of the fund, the fund manager will first determine the total share of redemption applications accepted on that day on the premise that the proportion of redemption applications accepted on that day is not less than 65,438+00% of the total share of the fund on the previous day, and then determine the redemption share accepted on that day according to the proportion of redemption applications of a single account to the total redemption applications of that day. Some redemption applications that have not been accepted are invalid.