What are the problems with fund switching? What are the rules for fund switching?

Requirements: Conversions can only be made between shares under the same account with the same management company. In the event of a conversion business, the transfer-out and transfer-in must be in the "transaction" state, that is, the transfer-out must be in the state of allowed redemption, and the transfer-in must be in the state of allowing subscription.

Conversion is generally only allowed between the same front-end charges or the same back-end charges, and it is not allowed to convert front-end charges to back-end charges or vice versa to convert back-end charges to front-end charges. Each ** management company can set a minimum ** transfer out share, mostly 1000 shares. **The conversion is based on the "unknown price" principle, i.e. the net asset value of the **unit on the date of the transaction application is used as the basis.

**The conversion adopts the principle of "share conversion" to submit the application, that is, the investor submits the conversion application in the unit of the ** share held by the investor.

Investors can bring their ID cards, account cards and bank cards to the sales outlets that can handle the conversion business during the trading hours of the open day. On the second working day, you can check the transaction status at the outlets that accept the business. Online Conversion:

Enter**There is a **account selection above** to convert.

1. Conversion refers to a business model in which investors can directly convert their holdings into other open-ended shares managed by the company after holding any open-ended shares issued by the company, without the need to redeem the units they have held before subscribing to the target. 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**.

2. Conversion skills 1. Timing: If investors have a certain amount of market experience, they can invest in the currency market when the market is in a downturn, 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. 2. Rate: When converting, investors only need to pay a lower conversion rate, and there is no need to pay a higher redemption and subscription rate.

Generally speaking, in order to retain investors, the management company generally sets a conversion rate of 1/1000 (non-monetary ** mutual conversion), that is, 1000 yuan of assets pay a conversion rate of 1 yuan, while the corresponding redemption and subscription rates are 5/1000 and 1.5% respectively, that is, 1000 yuan of assets need to pay a redemption and subscription rate of 20 yuan, which is 20 times the conversion fee. 3. Suitable: Some investors do not particularly understand what they are buying when they buy **, and they are obviously investors with high risk tolerance and market fluctuations, and the timing of conversion is very important, so they buy a hybrid **; 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. 3. Precautions: The biggest difference between conversion and re-purchase after redemption is that the conversion is timely, and the handling fee can be saved.

In order to promote the conversion of this business, many companies have carried out a lot of preferential measures, and the cost of conversion for investors is far less than the subscription fee and redemption fee of two companies.

Conversion is a service provided by the manager to the holder, which refers to a business model in which investors can directly and freely switch to other open-ended units managed by the company after holding any open-ended ** issued by a **management company, without the need to redeem the **units they have held first, and then subscribe to the target**. Conversion transactions can only be made when the trading account is normal and the conversion request must be convertible as specified by the management company. Conversion is processed on a share-by-share basis, and investors submit applications on a "share conversion" basis.

**Conversion can only be transferred out and transferred in one**, if the customer wants to convert more than one**, it must be processed by applying for multiple applications and multiple inputs. **Conversion is based on the net asset value of the unit on the date of application.

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.

1) The reserved share of **type** transferred out is less than 100 shares;

2) The charging model of transfer-in and transfer-out is inconsistent, that is, the rule of "front-end to front-end, back-end to back-end" is not followed.

3) According to the principle of ** transaction, ** shares can only be traded within 2 working days of the transaction, and if the above rules are not followed, the conversion will also be unsuccessful. For example, if February 15th, 16th and 17th are all working days, and the customer subscribes to GF Money Market** during trading hours on February 15, and the subscription is confirmed to be successful on February 16, if the conversion is made, it will take 2 working days (i.e. 17th) to carry out the conversion business.

1. The business that the investor invests in without conversion is not all of the business that can be converted, and only some of the business can be converted;

2. If the investor buys and buys in the ** consignment platform, these consignment platforms cannot be converted without the conversion function;

3. If the investor wants to convert ** is in a suspended subscription state, it cannot be converted, and the investor can choose other**;

4. When trading is suspended, it cannot be converted.

The above is the reason why ** cannot be converted.

The conversion of the base to the capital is a ruler that means that the investor holds the **company**, and then can convert the **share held by the **company into the corresponding share of the other ** in the same company, and there is no need to redeem** and then subscribe when converting, and the conversion can be carried out directly. If the investor is not optimistic about the prospect and the investor is still interested in investing, he can use the conversion model to invest in others. However, both the held and the converted need to meet the conditions for conversion.

What is a conversion? The so-called **conversion** refers to the arbitrary ** issued by the **company held by the investor (here refers to the open**), not after the repurchase of the original ** company as before, it can be arbitrarily converted to other types of ** in the company. When investing in the market, it may continue for a period of time in the future, and the proportion of fierce ** in the hands of investors needs to be appropriately reduced.

In short, just like the **type and the active configuration type**, there is a situation in which there is a **situation due to uncertainties, and this situation shows no signs of abating. At this point, the type requires an appropriate conversion, where the funds can be converted into a low-risk, high-liquidity money market. One step into the trouser bridge to reduce the ongoing systemic risk and hurt investors' returns.

In this process, it should be noted that the premise is that the current market perception and judgment of investors is the premise.

Generally speaking, the conversion has a considerable advantage in terms of fees compared to the repurchase of the new application, but this advantage will inevitably have a negative impact on the final return of the investor, especially for the market, and there will be a large loss. Therefore, investors need to be aware of the regulations on the conversion fees of different public lead punches. Each company has a different conversion fee, and most of the conversions between companies also require a corresponding conversion fee.