1, trading time:
From Monday to Friday from 9:30- 1 1:30, 13:00- 15:00, trading is not allowed on legal holidays.
2. Transaction method:
Most funds use T+ 1 trading method, that is, the funds bought by investors on the same day need to wait for the next trading day before they can be sold. If it is bought before 3 pm on the trading day, the share will be confirmed on the second trading day and the income will be calculated. If it is bought after 3 pm on the trading day, the share will be confirmed on the third trading day to calculate the income.
Very few funds carry out T+0 transactions, such as cross-border investment in ETF funds.
3. Pricing method:
On-site funds are traded in real time according to the market price, following the principle of price priority and time priority. That is, the high price takes precedence over the low price buying declaration, and the low price declaration takes precedence over the high selling declaration.
OTC funds only have a net value every day as the purchase and redemption price, and the share is confirmed on the second trading day of the working day.
4. Quantity of buying and selling
On-site funds 100, and the purchase quantity is an integral multiple of 100. The shares sold at one time shall be less than 65,438+000 shares.
OTC funds can be purchased at a minimum of 0.0 1 yuan, and the number of purchases is an integer multiple of 1.
Step 5 charge a fee
On-site funds mainly receive commissions, and securities companies charge different fees, the highest of which usually does not exceed 3 ‰ of the transaction amount. Single minimum 5 yuan, less than 5 yuan is charged by 5 yuan (some securities companies do not have the minimum 5 yuan standard).
OTC funds mainly collect subscription fees, redemption fees and operating fees. Operating expenses include management fees, custody fees and sales service fees. Different types of funds charge different fees. For example, Class A funds only charge buying and redemption fees. Class C funds only charge redemption fees and sales service fees. No matter what kind of fund, the longer it is held, the lower the redemption rate.
6. Dividend payment method:
Generally speaking, on-site funds only have cash dividends, while off-site funds have cash dividends and dividend reinvestment.