What is Fund Switching? What are the rules for fund switching?

Conversion refers to a method in which investors can directly convert their purchased shares into other open-ended shares managed by this company after purchasing any open-ended shares issued by a management company, without the need to redeem the units they have held before subscribing to the target, which has the following benefits.

Easy to seize the opportunity to invest. If investors already have a certain amount of market experience, they can invest in the currency market when the market is down, and then convert the currency into the corresponding currency when the market is improving. In this way, investors can enjoy the return of the currency** higher than the bank fixed deposit on the one hand, and at the same time enjoy the income brought by the rising market.

In the same way, if investors feel that the market is relatively weak, they can convert their **** into the money market ** to avoid the impact of market fluctuations on realized returns.

Enjoy lower rates. **When conversion, investors only need to pay a lower conversion rate, and do not necessarily have to pay a higher redemption and subscription fee. Generally speaking, in order to retain investors, the conversion rate set by the ** management company is generally 1/1000 (non-monetary ** mutual conversion), that is, 1000 yuan of assets pay 1 yuan conversion rate, and the corresponding redemption and subscription rates are 5/1000 and 1.5% respectively, that is, 1000 yuan of assets need to pay 20 yuan of redemption and subscription rates, which is 20 times the conversion fee.

Buy the right product for you. When some investors buy, they don't particularly understand what they are buying, and they are investors with higher risk tolerance, so they buy a hybrid type; And some investors don't like the ** with high net value fluctuation, but they mistakenly buy the **type** when buying. When this happens, it is recommended that investors do not have to redeem immediately, but choose to convert their existing products into suitable products.

Save time. Compared with redemption and resubscription, conversion can generally be completed within 2 working days, while redemption generally takes at least 4 working days to arrive, and subscription also takes 2 working days to confirm.

In practice, investors need to pay attention to the conditions of the conversion. Generally speaking, the two ** in the conversion application must meet the following conditions: (1) two open ** sold in the same sales agency and the same registrant; (2) The open ** of the front-end charging mode can only be converted to the other ** of the front-end charging mode, the ** with zero subscription fee is the default of the front-end charging mode, and the ** of the back-end charging mode can be converted to the front-end or other ** of the back-end charging mode.

The redemption fee is paid when the investor submits the conversion application, and after the conversion fee is paid, the asset is reduced accordingly. After submitting the conversion application on T day, investors can go to the agency on T+2 (working days) to confirm it, or directly call the customer service staff of ** company to learn about the conversion.

It is an umbrella under the company. For example, **** to bond**.

1. The redemption fee makes up the difference

Calculate the redemption fee for the transfer-out ** on the date of the conversion application based on the applicable redemption rate for each transfer-out ** share on the conversion application date; The redemption fee for the same amount transferred in** on the date of the conversion request is calculated based on the applicable redemption rate for the zero holding time of the transfer-in**. If the redemption fee for transfer-out** is higher than the redemption fee for transfer-in**, the difference in redemption fee will be charged; If the redemption fee for transfer-out** is not higher than the redemption fee for transfer-in**, no redemption fee difference will be charged.

2. Make up the difference in the subscription fee

For the conversion between the two previous fees**, the subscription fee for the transfer-out** and transfer-in** on the transfer application date will be calculated according to the transfer-out amount, and the subscription fee difference will be charged when the subscription fee is transferred from the low ** to the high subscription fee**; When the subscription fee is higher to the lower subscription fee, the price difference will not be charged.

3. **Subscription fee

For the conversion between the two post-fee**, the subscription fee will be charged after the transfer-out on the application date based on the applicable post-subscription rate of each transfer-out** share on the conversion application date; Based on the applicable post-subscription rate of the zero holding period of the transfer-in**, the subscription fee will be charged after the transfer of the same amount as that of the transfer-in ** on the date of the conversion application.

Fee calculation. **The fees to be charged for conversion are mainly:"Redemption fee for transfer-out**"with"The subscription fee makes up the difference"Two parts.

Redemption fee = redemption amount **redemption rate (the redemption rate of each ** company is different, generally.)

The subscription fee makes up the difference"It is the difference between the two converted ** subscription rates. Required if the investor switches from a low subscription rate to a high subscription rate"Make up the difference";If the investor switches from a high subscription rate to a low subscription rate, the investor does not need to pay this price difference. The rate of the supplementary subscription fee is equal to the absolute value of the difference between the subscription rates of the two.

Su Zhenguo, the wealth manager of Industrial Bank, gave an example to the readers of the calculation of the cost of conversion.

The above content reference: Encyclopedia - ** conversion fee.

ConversionRefers to the investor's holding of any open-ended ** issued by the Company.

After that, the ** shares held by it can be directly converted into other open ** shares managed by the company, without the need to redeem the ** units already held, and then subscribe to the target ** business model.

Investors can convert at any sales agency that intends to transfer out and transfer to the target sales at the same time. The two ** to be converted must be managed by the same **administrator of the seller** and registered with the same registrant**.

Transition conditions

Two ** in the conversion application must meet the following conditions:

1) Sold in the same sales agency, and two of them are open at the same time for the same registrant**;

2) The open ** of the front-end charging mode can only be converted to the other ** of the front-end charging mode, and the ** with zero subscription fee is the front-end charging mode by default;

3) The ** of the back-end charging mode can be converted to the front-end or other ** of the back-end charging mode.

Related Fees

Most of the ** companies.

The conversion of its ** charges a certain conversion fee, and some companies' conversion can be free of charge within the specified number of conversions within a year. **The conversion fee consists of two parts: the difference between the subscription fee and the redemption fee, and the specific collection depends on the difference between the subscription rate and the redemption rate of the two ** at the time of each conversion. Conversion costs are borne by the holder.

Online Company ** Conversion General Process:

1. **Company**.

1.Log in to the company's online trading system.

2.On the trading page, under "Transaction Class", click "Convert".

3.On the right side of the page, select the ** you need to transfer out, click "Transfer Out" at the back, select the ** you want to transfer in, enter the ** share to be transferred out, and click "OK" to complete.

2. Bank online banking.

Take the employment bank as an example, and first enter the personal online banking.

Select "Online**" --Online**" --Transaction "--**Conversion", select the ** you want to transfer in, enter the share of conversion, and click "OK".

Note: In the above two cases, the charging mode of the two **s that are converted to each other must be the same.

Conversion and transfer-in business refers to the business of changing your investment A** to investing in B**, which is actually a one-time procedure for redeeming A** and subscribing for B**. Noisy Zen.

Under normal circumstances, if the subscription is stopped, the conversion will naturally be suspended. It is estimated that most of the subscriptions will not work.