Article 44 of the Measures for the Operation and Management of Securities Investment Funds promulgated in 2004 stipulates that if the net asset value of the fund is less than 50 million yuan for 60 consecutive days, or the number of fund share holders is less than 65,438+000 for 60 consecutive days, the fund manager has the right to announce the termination of the fund after approval by the China Securities Regulatory Commission. In case of any of the above-mentioned circumstances for 20 consecutive working days after the contract comes into effect, the fund manager shall explain the reasons to the China Securities Regulatory Commission.
As can be seen from the regulations, the conditions for fund liquidation are harsh. First of all, as a wealth management product, funds have been widely recognized and accepted. At present, the base of domestic funds is very large, and it is basically impossible for a fund to have fewer than 65,438+000 fund share holders for 60 consecutive days.
Secondly, although it is simply calculated by net value, it is not excluded that the net assets of individual funds are close to or below 50 million yuan due to the impact of splitting or dividends. Even if the size of the fund once fell below 50 million yuan, as long as it did not appear for 60 consecutive days, it did not meet the conditions for liquidation.
Meet one of them and you can go into liquidation.
But don't worry, your money won't be gone.
China Securities Regulatory Commission stipulates that fund companies and fund managers only care about trading operations, and fund assets are only in banks, and special accounts are set up, which is called fund custody. Therefore, relatively speaking, fund assets only have the risk of loss caused by poor operation of experts, and there is basically no risk of theft. From a legal point of view, even if the fund management company goes bankrupt or even the custodian bank has an accident, the person who collects debts from it has no right to touch the assets of the investor's fund account, so the security of the fund assets is very guaranteed. In other words, even if the fund company goes bankrupt, investors' money will always be in the bank, and before the fund company is allowed to go bankrupt, a new institution will take over.