Open-end funds are understood by more and more investors because of their many advantages. Therefore, investors want to buy open-end funds in order to get more generous returns. Do you know which ones? The following is an open-end fund trading method _ open-end fund trading rules compiled by Xiaobian, which is for reference only and I hope it will help you.
Open-end fund trading rules
The way investors buy and sell open-end funds is very different from closed-end funds. The trading of closed-end funds is conducted through the stock exchange, and the trading behavior takes place among fund investors. Although the open-end fund is not listed on the exchange, investors can apply to the fund manager to buy or redeem the fund. The specific procedures for buying and selling open-end funds are as follows:
First, read the relevant legal documents. Before purchasing, you need to carefully read the prospectus, fund contract, account opening procedures, trading rules and other documents related to the fund, carefully understand the important information about the investment direction, investment strategy and investment objectives of the fund, have an overall assessment of the risk and income level of the fund to be purchased, and make investment decisions accordingly.
2. Open a fund account. Buying and selling open-end funds must first open a fund account. According to the regulations, the conditions and specific procedures for opening a fund account need to be specified in the relevant sales documents. The above documents will be placed in the fund sales outlets for investors to consult when opening fund accounts.
Third, buy funds. The process of investors buying fund shares during the raising period of open-end funds and before the establishment of funds is called subscription. Usually the subscription price is the face value of the fund (1 yuan) plus certain sales expenses. Subscribe to the fund should fill in the subscription application form at the fund sales point and pay the subscription fee. The registration authority shall go through the relevant formalities and confirm the subscription. After the establishment of the fund, the process of applying to the fund management company for purchasing fund shares through the sales organization is called subscription. When investors buy funds, they usually fill in the application form and pay the subscription money. Once the amount is paid, the subscription application is valid.
Fourth, sell funds. Contrary to buying a fund, selling a fund is to sell the fund unit held by you to the fund manager at a certain price and recover the cash. This process is called redemption. The redemption amount is calculated on the basis of the net asset value of the fund unit on that day. Fund redemption should usually be completed at the fund point of sale. According to the regulations, the fund manager shall confirm the validity of the transaction within 3 working days from the date of receiving the redemption application from the fund investor, and pay the redemption money within 7 working days from the date of accepting the effective redemption application from the fund investor.
What are the purchase channels of open-end funds?
Open-end fund is a mutual fund. Because it is convenient for investors to redeem their fund shares at any time, it is loved by investors.
I. Bank purchase
Mainly from the bank's online banking, China Merchants Bank and ICBC's online banking are doing well, and the interface is very convenient to operate. You can also buy funds that fund companies can't match at the same time, but seriously, the handling fee is really expensive, and there is generally no discount for bank purchases. The back-end charging standard is holding period (n), N≤ 1 year, and the rate is1.8%; 1 year The 3-year rate is 0, that is, the longer the holding time, the lower the handling fee, and the subscription fee will be exempted for more than 3 years. If you plan to invest for a long time, it is more appropriate to choose back-end charges.
Second, through the fund company official website to buy.
Buying funds through official website, a fund company, often has a lower discount, which may even be lower than that of third-party trading software. After all, it is a direct operation, only selling all the funds of its own company. If you only want to invest in 1-2 funds, you don't need to open many fund company accounts. This channel is very good.
Third, third-party trading platform purchase.
Tian Tian Fund Network and Jimmy Fund both have mobile apps and websites, depending on which one is convenient for you. Basically all the funds will be found in this platform software. You can add a self-selected fund like a stock and track the increase and net value at any time. As long as you open a software account and bind a bank card, the above funds can be bought and sold, which is very convenient.
Fourth, stock software purchase.
There are many softwares that can buy and sell stocks. There is no need for open-end fund purchase, and it is unknown whether the rate is favorable. And some commonly known on-site funds, such as graded funds A and B, need to use stock accounts to purchase.
What is the trading mode of open-end funds?
Many people have heard of open-end funds, which can change the fund scale at any time according to market supply and demand, issue new shares or be redeemed by investors. However, few people know how to trade open-end funds. In order to solve everyone's doubts, here is a detailed introduction by Bian Xiao.
Open-end fund is a main type of mutual fund, which together with closed-end fund constitutes two modes of fund operation. Fund management companies can sell new fund shares to investors at any time, and also need to buy back their own fund shares at any time according to the requirements of investors. As the mainstream of international fund market, open-end fund has the advantages of incentive and restraint mechanism, liquidity, transparency and investment convenience.
Generally speaking, open-end funds are not listed and traded. Direct sales by fund companies, or sales by fund companies as agents, such as commercial banks or securities business departments. You can also purchase and redeem online through the fund company's website, and there are preferential fees. So, how do open-end funds trade? How do investors buy open-end funds?
First of all, investors should decide which fund management company to buy, and then open a fund account at the sales outlets designated by the fund management company to record the investor's fund holdings and changes. When an investor applies for opening a fund account, he shall submit a written application to the sales outlets, and issue a fund prospectus and the corresponding documents stipulated in the fund contract (a copy of the business license of the legal person investor, the certificate of the legal representative and the power of attorney of the legal representative, the identity card of the individual investor, the settlement bank account number, the reserved seal card, etc.). ).
Then, we began to purchase and redeem open-end funds issued by fund management companies. However, investors must fill in the application form at the designated sales outlets every time they purchase or redeem. Unless the technical conditions are mature enough, he can send instructions by fax, telephone or internet. Since the transaction price of open-end funds is based on the net value of the fund on that day, customers can only fill in the amount of the fund they have purchased when purchasing, and they will not know the actual fund share until the net value of the fund is announced the day before the next morning. When redeeming, investors only need to fill in the redemption share.
Within a few working days after completing the purchase and redemption procedures, investors can print the transaction confirmation form or delivery form at the point of sale (fund management companies usually send investors a list of transactions for a period of time on a regular basis). At this point, the whole transaction is completed.
Of course, if you buy from a securities company, there will be professional financial planners to customize your fund investment plan and other services that some banks do not have. If you want to buy directly from a fund company, the demand is large, which is suitable for institutional investors.