As far as general funds are concerned, the rules of "T-day subscription and T+ 1 day share confirmation" in fund transactions are followed, that is, after the subscription application is submitted on T-day, the income is calculated from T+ 1 day.
T-day, the trading day, is defined as 15: 00 every day, before 15: 00 (exclusive) is T-day, and after 15: 00 (inclusive) is T+ 1. Weekends and legal holidays are non-trading days, subject to the successful payment time.
If the application is made on the T day, the share shall be confirmed according to the net value of the fund on the T day. T+ 1 On the day of share confirmation, you can view the first profit and loss after the fund's net value is updated. Open-ended redemption funds can be sold on the next T day after subscription confirmation.
On the whole, if you want to enjoy the holiday income through the fund, you must complete the subscription before 3 pm two trading days before the holiday begins. For example, if you have a holiday on June 25th, you must complete the subscription before 3pm on the 23rd.
Fund, in English, 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.
According to different standards, securities investment funds can be divided into different types:
(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. 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 different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.
(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.
Before purchasing a fund, investors need to carefully read the prospectus, fund contract, account opening procedures, trading rules and other fund-related documents, and all fund sales outlets should have the above documents for investors to consult at any time.
Individual investors are required to carry the debit card of the correspondent bank and valid identity documents (ID card, military officer's card or armed police card), and institutional investors are required to carry the original business license, organization code certificate or registration certificate, as well as a copy of the above documents stamped with the official seal, power of attorney, ID card of the agent and a copy.
With the preparation materials, the customer goes to the bank counter to fill in the application form for fund business, and then receives the business receipt. Individual investors also receive fund trading cards, and they can go to the counter to receive business confirmation two days after handling fund business. Units or individuals can engage in fund subscription and redemption after receiving business confirmation.