What are the conditions for fund conversion?
The condition of fund conversion is that fund A and fund B are products of the same company and the subscription rate is the same. The two funds to be converted must be managed by the same fund manager represented by the seller and registered in the same registration institution.
For example, if you buy a fund issued by a fund company, but you don't want this fund after holding it for a period of time, and you want to buy another B fund issued by this fund company, and the subscription rates of these two funds are the same, you can apply for conversion.
The conversion is very simple. In the platform or software for buying funds, find the funds you own and click the conversion at the back. Investors can also handle the fund conversion at any sales organization that sells both the fund to be transferred out and the target fund.
Matters needing attention in fund conversion:
1, open-end funds with front-end charging mode can only be converted into funds with other front-end charging modes, and funds with zero subscription fees default to front-end charging mode;
2. Funds with back-end charging mode can be converted into funds with other front-end or back-end charging modes.
After reading the above introduction, I believe everyone has a better understanding of what the conditions for fund conversion are. Compared with selling and buying, fund conversion has great advantages, which can save the waiting period of buying funds and reduce the handling fee.