Sometimes we buy a fund, and after holding it for a period of time, we find that the income is not ideal, far lower than other funds of the same type. At this time, I will reflect on whether I have chosen the wrong fund. In particular, the "plague base", which does not move when the market collectively rises and takes the lead in falling when the market falls, must be sold as soon as possible once the wrong fund is determined. But sometimes it is not necessary to sell the fund directly, and it is more convenient to change the fund into another fund.

Fund conversion means that investors can directly convert their fund shares into the fund shares of other open-end funds managed by a company after holding any open-end fund issued by the company. There is no need to redeem the fund shares held first.

Fund conversion has two advantages, the first is to save money: it helps you save the redemption fee of fund A and the subscription fee of fund B; The second is to save time: fund redemption generally takes 3-7 days, while fund conversion only takes one working day, so fund conversion is more convenient than redemption.

Many investors choose fund conversion in order to convert funds with losses or poor returns into better funds of the same company, and the redemption cost of funds can be saved through fund conversion. However, if investors are not interested in the funds of the same company, they can directly sell the funds they hold now and then buy other fund products at the right time.

There are also some tips for fund conversion, which can help us reduce investment costs and risks as long as they are used well.

As we all know, money funds do not need subscription fees. The monetary funds of many fund companies can be converted into other types of funds of the company for free. If you buy a money fund first and then convert it into other funds of the same company, you can save a subscription fee. In addition, we can also use the fund conversion function to hedge. If the market fluctuates, we can convert medium and high-risk stock funds into medium and low-risk bonds or money funds to reduce investment risks.

In principle, the conversion can only occur between funds of the same company, but some third-party fund platforms such as Ant Wealth also provide the function of fund conversion between different companies, so we can choose a wider range of funds for conversion.

There are many benefits of fund conversion, but it should also be used properly. Remember not to operate frequently to reduce unnecessary conversion. For example, investors who have made a wave of bull market when the bull and bear switch can sell the fund directly before the bull market ends. In this case, there is no need for fund conversion, and the funds only need to fall into the bag and wait for the next investment opportunity to buy.