Closed period means that the fund cannot be redeemed within a limited time, and then it can be redeemed. The closed period of the fund can be understood as the closed period, and investors can do nothing.

The new fund will be closed for up to 3 months. On the one hand, it is to facilitate the fund backstage (registration center) to make the best preparation for daily subscription and redemption; On the other hand, fund managers use this period of time to start buying stocks and bonds with the raised funds, making investments and opening positions.

In addition to the "closed period" agreement, some sunshine private equity funds will also set a quasi-closed period, which is another period after the closed period. After the closure period, investors can sell products once a month. However, if there is a quasi-closed period, investors will sell products during this period, which will involve redemption fees. The general rate is 1.5-2%.

Extended data:

In a broad sense, a fund refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.

In a narrow sense, funds refer to funds with specific purposes and uses. The funds we are talking about now mainly refer to securities investment funds.

According to different standards, securities investment funds can be divided into different types:

1, which can be divided into open-end funds and closed-end funds according to whether the fund units can be increased or redeemed. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

2. According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

3. According to the difference of investment risk and income, it can be divided into growth fund, income fund and balanced fund.

4, according to the different investment objects, can be divided into stock funds, bond funds, money market funds, futures funds, etc.

References:

Baidu encyclopedia-fund