Clever use of fund conversion to save costs

Fund conversion business is also a skill to save the purchase cost in fund investment, because the funds of the same fund company will give investors certain preferential rates when they are converted. For example, CCB fund, together with China Construction Bank, China CITIC Bank and other sales agencies, opens CCB permanent value fund, and CCB money market fund conversion business, which can enjoy a 60% discount. Compared with the normal situation, it can save a lot of expenses and reduce the investment cost to redeem the fund in hand and then apply for another fund under the same company. Usually, it takes about five days to redeem a fund and then apply for another fund. However, if the fund conversion is used, the situation will be very different. Investors only need to go through the procedures once, and the funds will be transferred into the new fund account within two working days, which is fast and convenient. However, investors need to pay attention to the fact that different fund companies have different rules on fund conversion, so we need to ask clearly before making the conversion.

In fund investment, some investors often encounter such a situation. At the initial stage of the market, they buy a large number of low-risk fund varieties. Because the risk and return change in the same direction, the risk and return are naturally low. If the stock market rises, they may miss the opportunity to share the rising profit space.

When the market of the fund market is very good, if investors have bought some bond funds, money market funds or balanced funds before, they may as well try the means of fund conversion, and convert these funds into stock or partial stock funds of the same fund company to share the profit margin brought by the rise of the stock market. For example, investors holding money market funds can use the fund conversion method to turn into equity fund products, share bull market growth and improve investment returns.