Selling funds before buying them is an operating experience that many investors have had. It is not only laborious and time-consuming to sell the fund first, but also time-consuming. Fund conversion solves this problem well. The so-called fund conversion is simply to directly convert the fund shares held in the hands into the fund shares of other open-end funds. So how do you charge the fund super conversion fee?

First, the characteristics of fund over-conversion

1, fund conversion is more free.

Fund conversion can be divided into ordinary conversion and super conversion. Ordinary conversion only supports other open-end funds issued by the same fund company, and super conversion supports cross-fund company conversion. There are thousands of convertible funds, with a wider range of choices.

2, save conversion time

If you follow the general process, it will take a long time to buy a new fund after the fund is redeemed. Generally, it takes at least T+2 for fund redemption and at least T+ 1 for confirmation when buying a new fund, so the whole conversion process usually takes 4 to 7 days.

The transferred-in and transferred-out shares can be confirmed within t+ 1 day after the fund is over-converted. Theoretically, at least 3 working days can be saved after the fund is over-converted. However, the new fund and some funds confirmed on T+2 do not support super conversion for the time being.

Second, how to collect the fund super conversion fee?

The calculation formula of transaction cost of fund over-conversion is: transaction cost = redemption cost of transferred-out fund+subscription cost of transferred-in fund. Over-conversion is divided into 90% over-conversion and 100% over-conversion, and the redemption fee is calculated at 1.5% when the fund is held for less than 7 days.

The above content about how to charge the handling fee for fund over-conversion, I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.