The general conversion of funds usually occurs between two funds managed by the same fund management company.
Early conversion usually occurs between funds managed by different fund management companies, or between funds managed by the same fund management company, but the company has not yet opened ordinary conversion.
First, Alipay fund conversion advantages
1, fund conversion is cheaper than fund selling, fund conversion does not need to pay subscription fee, and the conversion rate is lower; After the fund is redeemed, a redemption fee is required.
2. Fund conversion directly converts the fund shares it holds into the fund shares of other open-end funds managed by the company, which can save a lot of time compared with subscription and redemption, so that the purchased funds can give full play to their value.
3. Fund conversion can effectively avoid risks or obtain higher return opportunities.
Tips for AliPay fund conversion:
1. Generally, the application for fund conversion on T day will be confirmed on T+ 1, and both funds will be confirmed according to the net value on T day.
2. Every day, T day is counted before 15, and T day is counted after 15+1. After applying for fund conversion, you can also apply to cancel the conversion order of the day before the afternoon of T day 15.
3.t day does not include Saturday, Sunday and legal holidays.
Second, the name explanation
Off-site: refers to Alipay Fund and Tian Tian Fund Platform.
Site: refers to stock software.
Transfer custody: Fund transfer custody refers to the behavior of fund share holders applying to transfer all or part of their fund shares held in the trading account of one sales organization to the trading account of another sales organization.
LOF Fund: A listed open-end fund, in which investors can purchase and redeem in fund companies or publicly trade in the secondary securities market. Generally speaking, the code is the same on and off the court.
At present, there is a premium on-site than off-site. It is very convenient to check the premium of the following LOF funds through the website of Jisi Road. The premium rates of Southern Crude Oil and Crude Oil Fund both exceed 100%. If it is sold from Alipay to the venue, it can be exchanged directly, which is more than Alipay 100%. Why not?