Fund net value generally refers to the unit net value. Generally speaking, the unit net value refers to the sum of the value of stocks, warrants, bonds, cash and bills held by the fund on the day after the closing of the trading day, divided by the total share of the fund on that day, and the unit net value on that day is obtained. Cumulative net value is the net value of the fund since its establishment, including dividends and split shares.
If the fund has not paid dividends since its issuance, the unit net value is equal to the accumulated net value. Otherwise, the cumulative net value is generally greater than the unit net value.
Generally speaking, the higher the unit net value and accumulated net value, the better, which reflects the profitability of the fund to some extent. But we can't generalize, because we have to consider the time and market environment of the fund.
For example, many newly established funds are losing money, and now they are only 0.8-0.9 yuan, while those with accumulated net worth of several yuan have been established for several years and experienced a bull market in 2006-2007.