Yes, the net value of the fund is the price of the fund, but it should be noted that the off-exchange fund is calculated according to the net value at the close, that is, there is only one transaction price on each trading day, while the on-exchange fund is traded in real time, and the transaction price at each moment is different.

The rise and fall of the fund's net value is determined by the investment target. For example, equity funds mainly invest in a basket of stocks, and the net value of the fund is determined by this basket of stocks. When the stocks invested go up, the net value of the fund goes up, and when the stocks invested go down, the net value of the fund goes down.