This is a process of decreasing share and increasing net worth. In this case, we must first check whether the net value of the fund has increased substantially, and at the same time check whether the fund announcement prompts the conversion of irregular shares. Before and after the conversion, the total market value of the funds held remains unchanged.

For example, if the net value of Grade B before discount is 0.20 yuan and investors hold Grade B 65438+ 10,000 shares, the net asset value is 20,000 yuan. After the discount, the net value of Grade B instantly increased to 1 yuan, and the share decreased to 20,000. Only in this way can the net asset value before and after the discount remain unchanged.

Extended data:

According to the issuance documents of graded funds, when the net value of the parent fund of graded funds rises to a certain price (such as 1.5 yuan), graded funds will be discounted.

The rise is caused by the sharp rise of the index corresponding to the parent stock. At this point, the leverage is reduced after the B share rises sharply, and the net values of the A share and B share after the rise return to the initial net value 1. The portion exceeding 1 will be distributed to holders of share A and share B in the form of parent shares. Therefore, when the rise occurs, the holders of share B and share A will get the parent stock. There are many cases of bull market rising.

Discount is also a form of irregular conversion, which is just the opposite of discount. Discount means that when the net value of B share falls to a certain price (such as 0.25 yuan), in order to protect the interests of holders of A share, the fund company will discount the graded fund downwards according to the contract. After the share conversion, the A share holders will get the mother share, and the B share holders will reduce their holdings according to a certain proportion.