The confirmation time of Alipay's different fund conversion is the same. If it is converted before 3 pm on the trading day, the share will be confirmed on the same day, and the income of the converted fund will be calculated on the day of conversion. If it is converted after 3 pm on the trading day, the share will be confirmed for the second time, and the income of the converted fund will be calculated on the second trading day.

Fund conversion can only be the mutual conversion between funds managed by the same fund company. Fund conversion saves the process of subscription and redemption, and saves time cost and handling fee cost.