ETF funds are divided into on-exchange ETF funds and over-the-counter ETF funds. The thresholds for the two funds are different: 1. On-exchange ETF funds.
Investors who want to buy exchange-traded ETF funds need to have a stock account.
The minimum purchase unit of on-site ETF funds is 1 lot, and 1 lot is 100 shares. Each purchase must be an integral multiple of 100 shares, and the minimum change unit of price declaration is 0.001 yuan.
In other words, if the net value of a certain on-site ETF fund is 1.2 yuan, without considering the handling fee, investors can purchase the on-site ETF fund for only 120 yuan.
On-site ETF funds are the same as stocks. Their prices change in real time. You can place orders directly on the exchange and buy and sell in real time.
There is no need to pay subscription fees and redemption fees for ETF funds traded on the exchange. Transaction fees are charged according to the transaction commission requirements of different securities companies.
Generally speaking.
The commission for buying ETF funds is only a few ten thousandths, and there is no stamp duty to pay.
For ETF funds on the Shanghai Stock Exchange, the transaction fee shall not be higher than 2.5‰ and not less than 0.085‰ of the transaction amount, with a starting point of 5 yuan; for ETF funds on the Shenzhen Stock Exchange, the transaction fee shall not be higher than 2.5‰ of the transaction amount and shall not be lower than 0.1375‰, with a starting point of 5 yuan.
5 yuan.
2. OTC ETF funds.
There are many types of OTC ETF funds, and different fund products have different requirements for the minimum purchase amount. Some may have a minimum purchase price of 10 yuan, and some may have a minimum purchase price of 100 yuan. The specific provisions in the instruction manual of the OTC ETF fund are as follows:
allow.
Different from purchasing on-exchange ETF funds, investors purchasing over-the-counter ETF funds need to pay fees such as subscription fees, redemption fees, management fees, sales fees, and custody fees.
The subscription and redemption rules for OTC ETF funds are the same as those for ordinary funds. They need to be carried out after the share is confirmed and cannot be bought or sold at any time.
If investors subscribe to OTC ETF funds before 15:00 on day T, their shares will be confirmed before 24:00 on the same day, and the income will begin to be calculated. The income can be viewed after T+1; if the fund is purchased after 15:00, the shares will be confirmed after T+1.
If the fund is sold before 15:00, the net value will be confirmed based on the fund's share on that day, and the funds will be credited after T+1; if the fund is sold after 15:00, the share will be confirmed based on the net value on T+1, and the funds will be credited on T+2.