During holidays, fund returns remain unchanged, except for monetary funds.

Notes on buying funds during holidays

Although funds are a long-term investment, most investors still cannot change their habit of frequent subscriptions and redemptions in the short term. So be sure to calculate the holding time of the fund clearly.

The Fund’s holding time = Fund redemption confirmation date – Fund subscription confirmation date

During the holding period, the Fund calculates income, and the confirmation date is the Fund share confirmation date. The confirmation day is calculated based on working days, and the subscription and redemption of the Fund are determined on T+1. Let’s take the National Day in 2020 as an example. There are two holidays before and after National Day, September 27th and October 10th. These two days are normal working days, but they cannot be counted as working days. Apply for the fund on September 27th, and it will be confirmed on October 9th. It will be a holiday from the 1st to the 8th, and the funds will be occupied, but no income can be generated or calculated. Therefore, those who want to buy funds before holidays should pay attention to the calculation of working days.

Monetary funds are a special case among funds. Even on holidays, every day is profitable. The fixed investment date of the currency fund is also T+1 day after the subscription, and the benefits will begin after the shares are confirmed. This is also the advantage of currency funds compared to other funds.

Generally speaking, in order to protect the interests of original holders, currency funds will suspend subscriptions of currency funds in advance. At this time, you should pay attention to the announcements of the fund company in advance and make investment plans in advance according to the announcements.