Can on-site funds be bought off-site?
On-site funds cannot be purchased off-site. OTC funds refer to funds that have not opened an account in the stock exchange and can only be purchased through the OTC fund sales platform, such as Alipay, WeChat, Bank and Tian Tian Fund, while OTC funds refer to funds that have opened OTC fund accounts and traded in the stock exchange.
What's the difference between OTC funds and OTC funds?
1. Different trading platforms: On-site funds refer to funds traded on exchanges, usually in the trading software APP of securities companies. Off-exchange funds are generally in third-party financial platforms such as Alipay, WeChat, Bank and Tian Tian Fund.
2. Different pricing methods: OTC funds only have a net value as the purchase and redemption price every day, and the share is confirmed on the second trading day of the working day, and the income is calculated after the share is confirmed. On-site funds are traded in real time according to the market price and the principle of price priority and time priority.
3. Different thresholds: Generally, on-site funds start from RMB 100, and off-site funds can be purchased as low as RMB 10 yuan. In contrast, the threshold for OTC funds is lower.
4. Different transaction rates: The longer the OTC funds are generally held, the lower the redemption rate. The specific rates can be viewed at the time of subscription, which generally shows that different rates correspond to different holding times. However, the trading commission of on-site funds is basically between 20,000 and 25,000, and the minimum charge for each transaction is 5 yuan.
5. Different dividend methods: On-site funds generally only have cash dividends, while off-site funds can have cash dividends and reinvest dividends.