There is a huge amount of knowledge in the securities market, which must be understood before investing. With the improvement of people's living standards, the demand for investment and financial management is more and more extensive. Many people don't understand some technical terms. Today, let's learn what the reference market value and holding share of the fund mean. What is the difference between them?

1. What is the reference market value?

When introducing the reference market value, we must first understand what the fund market value is.

The market value of the fund is the value of the fund in the market on a certain day. Every day after the stock market transaction, the fund company will calculate the market value of the fund on that day according to the assets held by the fund, such as stocks, bonds and cash. However, before the end of the day's trading, or before the end of the day's trading, the fund company or the third-party platform will give an estimated market value of the fund on that day, which is the so-called "reference market value". So the reference market value is not the real market value, but there will not be much difference between the two.

Second, what is shareholding?

Holding share refers to the number of shares held by fund investors after purchasing funds. For example, Kobayashi bought a fund of 50,000 yuan, and the net value of the fund that day was 2 yuan. With back-end fees, Kobayashi holds 25,000 fund shares. The calculation process is as follows: 50,000 yuan /2 yuan = 25,000 copies.

If it is a front-end fee, the subscription fee will be deducted before calculating the fund share. For example, subscription rate 1.5%, subscription fee 750 yuan. Then Xiaolin's fund share is 24625. The calculation process is as follows: (50,000 yuan -750 yuan) ÷2 yuan = 24,625 copies.

Third, the difference between them.

As can be seen from the above, the market value of the fund is from the perspective of the amount, that is, the value of a fund held by the basic people. Fund share refers to the number of a fund held by the basic people from the perspective of quantity.

Four. Conversion between market value and shareholding

Many times, the concepts of "market value" and "share" will be used when measuring the situation of a fund held by the basic people. So, what is the conversion between the two? The conversion formula between them is as follows:

Fund market value = fund net value × fund share

Fund share = fund market value ÷ fund net value

For example, a citizen subscribes for 5,000 copies of a fund, and after investing 1 year, the net value of the fund rises to 1.6 yuan, so the market value of the fund is 8,000 yuan. Fund market value = fund net value 1.60 yuan × fund share 5000 =8000 yuan.

For another example, if a citizen owns a fund with a market value of 10000 yuan and the current net value of the fund is 2.5 yuan, then the citizen owns 4000 shares of the fund. Fund share = fund market value 10000 yuan/fund net value 2.50 yuan =4000 copies.