There are two kinds of funds, namely open-end funds and closed-end funds. The former can be redeemed, while the latter can only be circulated and cannot be redeemed. But the fund can be divided into on-site and off-site, so can the on-site fund be redeemed?

Can the on-site fund be redeemed?

The on-site fund cannot be redeemed when it is a closed-end fund, but it can be redeemed when it is an open-end fund. In fact, on-site, off-site, closed-end and open-end funds are an overlapping concept. On-site funds can be closed-end funds or open-end funds. On-site funds are mostly closed-end funds, but there are also open-end funds, such as ETF funds, which can be purchased, redeemed and circulated.

OTC funds correspond to OTC funds, generally open-end funds, which can be purchased and redeemed. Most of the funds in Alipay are open-end funds.