The number of purchases and redemptions has no direct impact on the net value, but it still has an indirect impact.

For stock funds, the stock allocation ratio of general funds should reach 60%-95%. If a large number of subscriptions will reduce the allocation ratio, the fund should re-subscribe for shares to maintain the allocation ratio, thus reducing the income, and the growth of the fund's net value will also rise slowly. If the fund is redeemed in large quantities, then the fund company will sell shares for cash, and selling shares will have an unsympathetic impact on the fund's income, and the income growth will also have an impact. Therefore, fund companies will maintain a reasonable fund size to protect the interests of fund holders.