Closed-end funds are traded in the secondary market at the same time as stocks, 9: 30 am-11:30 am and 1: 00-3: 00 pm.

Open-end funds have no trading time limit. The transaction information submitted before 3 pm every working day is counted as the transaction of the day, and the price you buy or sell is traded according to the net value announced that night. Transactions submitted after 3 pm are counted as the next trading day.

Open an account:

First, open the fund company's website. Fund investors can open the fund account of the company on the corresponding fund company's website according to the fund they want to buy.

The advantage of opening a fund account on the website of a fund company is that you can open a fund account without leaving home, but there are also many disadvantages, because each fund company is independent.

Therefore, if you open a fund account of a fund company, you can only buy funds owned by this fund company. If you want to buy other funds in the market, you need to open a fund account on the websites of other fund companies.

Second, to open a fund account in a bank, fund investors can go to the bank counter to handle the fund account, but the disadvantage is that the procedures are relatively complicated and the number of fund companies that can open an account is relatively limited. Because of some small banks, the funds for consignment are relatively small.

Third, securities companies open fund accounts, and at the same time open the fund account authority when securities companies open stock accounts, so that all fund company accounts can be opened directly in the trading system in the future.

Extended data

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 the 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.

Baidu encyclopedia-fund