坑爹啊，基金收益被稀释了100倍……

Core Viewpoint - The "Debang Winning Growth" fund, focused on AI applications, has attracted significant attention due to its heavy holdings in stocks that surged, leading to an estimated net value increase of 5%. However, the actual return was only 0.05%, indicating severe dilution of returns for existing shareholders due to large inflows of new capital [1][5][9]. Fund Performance Summary - As of January 13, the fund's unit net value was 1.2901, reflecting a daily growth rate of 0.05%. In contrast, on January 12, the fund's net value increased by 8.32%, while on January 9, it rose by 9.24% [2]. - The fund's performance was closely aligned with the performance of its major holdings until January 12, when it lagged significantly behind, with major stocks averaging a 16% increase while the fund only achieved an 8.32% increase [5][6]. Fund Inflows and Impact - There are rumors that the "Debang Winning Growth" fund attracted 12 billion yuan in a single day on January 12. The fund company has neither confirmed nor denied this, stating that such information is non-public and will be disclosed through official channels [7]. - The fund's significant inflow of new capital has led to a dilution of returns for existing shareholders, as new subscriptions are primarily in cash rather than stock assets, impacting the fund's net value calculation [3][5]. Comparison with Other Funds - Other AI-focused funds have not experienced the same level of dilution as "Debang Winning Growth." For instance, the performance of other funds on January 9 and 12 showed actual returns exceeding estimated returns, suggesting better management of inflows or adjustments in stock holdings [9]. - The "Debang Winning Growth" fund has announced purchase limits to mitigate the impact of large inflows, with specific caps on single accounts for different share classes [9].