Fund share refers to the number of funds. When investors buy a fund, they divide the amount they buy by the net value of the fund to get their share in the fund. After buying, the fund share is fixed. For example, if an investor buys a fund of 1 1,000 yuan and the net value of the fund is 1.5, then it can be calculated that the share held by the investor is 666.67.
The fund implements T+ 1 transaction. If the fund is bought on the same day, it is calculated according to the net value at the close of the day of purchase. The share is confirmed on the second trading day, and the income is calculated after the share is confirmed.
The listing and trading of fund shares involves the interests of many investors and is closely related to the financial fields such as securities, and should be approved in accordance with the conditions and procedures prescribed by law. In essence, fund share is a kind of securities in a broad sense. Therefore, the provisions of this article on the examination and approval of fund share listing transactions are basically consistent with those of the Securities Law on the examination and approval of securities listing transactions.