Open-end fund refers to an investment fund whose scale is not fixed, but which can issue new shares or be redeemed by investors at any time according to market supply and demand.
Open-end fund trading rules
1 Registration and account management
① Personal investment needs to prepare relevant identification documents (such as ID card, military officer's card, soldier's card, military officer's card, etc. );
2. Enterprise investment requires the company's business license and other relevant documents;
(3) If someone else is entrusted to open an account, the agent shall also carry a power of attorney and a valid certificate that the agent has opened a fund account in a fund consignment bank or securities company.
2 Subscription
① When the open-end fund is approved by the China Securities Regulatory Commission, investors buy the fund.
Investors can only subscribe for funds at one sales outlet.
③ The subscription price of the fund is the face value of the fund share to be issued plus a certain subscription fee.
(4) The interest generated during the subscription period shall be owned by the fund unit after the establishment of the fund.
⑤ The fund manager shall report the fundraising situation to the China Securities Regulatory Commission for the record.
When an investor decides to invest in a fund of a fund management company, he must first open a fund account at a sales outlet designated by the fund management company, and the fund account is used to record the investor's fund holdings and changes.
When applying for opening a fund account, an investor shall submit a written application to the sales outlets, and issue the fund prospectus and the corresponding documents stipulated in the fund contract. These documents usually include: copy of business license of legal person investor, certificate of legal representative and power of attorney of legal representative, ID card of individual investor, bank account number for settlement and reserved seal card.
Then, investors can start to purchase and redeem open-end funds issued by fund management companies. Every time investors purchase or redeem, they must fill in the application form at the designated sales outlets. If the technical conditions are mature, they can also send instructions by fax, telephone, internet and other means. Since the transaction price of open-end funds is based on the fund net value of the day, customers can only fill in their own fund shares when purchasing, and they will not know how many fund shares they have actually purchased until the fund net value is announced the day before the next morning. When redeeming, investors only need to fill in the redemption share.
Within a few working days after completing the purchase and redemption procedures, investors can print the transaction confirmation form or delivery form at the point of sale (fund management companies usually send investors a list of transactions for a period of time on a regular basis). At this point, the whole transaction is completed.
You can also buy it at the point of sale of fund companies: securities companies. Securities companies have professional financial planners who can customize the fund investment plan for you, and there are some services that other banks do not have.
Buy directly from the fund company. This purchase requires a lot of money. Suitable for institutional investors.
How to redeem open-end funds?
Open-end funds are generally not listed on the exchange, but sold through fund management companies and their designated consignment outlets, and banks are the most commonly used agent sales channels for open-end funds. Investors can go to these outlets to purchase and redeem open-end funds. The specific steps are as follows:
When an investor decides to invest in a fund of a fund management company, he must first open a fund account at a sales outlet designated by the fund management company, and the fund account is used to record the investor's fund holdings and changes. When applying for opening a fund account, an investor shall submit a written application to the sales outlets, and issue the fund prospectus and the corresponding documents stipulated in the fund contract. These documents usually include: copy of business license of legal person investor, certificate of legal representative and power of attorney of legal representative, ID card of individual investor, bank account number for settlement and reserved seal card.
Then, investors can start to purchase and redeem open-end funds issued by fund management companies. Every time investors purchase or redeem, they must fill in the application form at the designated sales outlets. If the technical conditions are mature, they can also send instructions by fax, telephone, internet and other means. Since the transaction price of open-end funds is based on the fund net value of the day, customers can only fill in their own fund shares when purchasing, and they will not know how many fund shares they have actually purchased until the fund net value is announced the day before the next morning. When redeeming, investors only need to fill in the redemption share.
Within a few working days after completing the purchase and redemption procedures, investors can print the transaction confirmation form or delivery form at the point of sale (fund management companies usually send investors a list of transactions for a period of time on a regular basis). At this point, the whole transaction is completed.
Investors decided to invest in the company's fund.
First of all, you must open a fund account at the sales outlets designated by the fund management company. The fund account is used to record the investors' fund holdings and changes.
When applying for opening a fund account, an investor shall submit a written application to the sales outlets, and issue the fund prospectus and the corresponding documents stipulated in the fund contract. These documents usually include: copy of business license of legal person investor, certificate of legal representative and power of attorney of legal representative, ID card of individual investor, bank account number for settlement and reserved seal card.
Then, investors can start to purchase and redeem open-end funds issued by fund management companies. Every time investors purchase or redeem, they must fill in the application form at the designated sales outlets. If the technical conditions are mature, they can also send instructions by fax, telephone, internet and other means. Since the transaction price of open-end funds is based on the fund net value of the day, customers can only fill in their own fund shares when purchasing, and they will not know how many fund shares they have actually purchased until the fund net value is announced the day before the next morning. When redeeming, investors only need to fill in the redemption share.
Within a few working days after completing the purchase and redemption procedures, investors can print the transaction confirmation form or delivery form at the point of sale (fund management companies usually send investors a list of transactions for a period of time on a regular basis). At this point, the whole transaction is completed.
You can also buy it at the point of sale of fund companies: securities companies. Securities companies have professional financial planners who can customize the fund investment plan for you, and there are some services that other banks do not have.
Buy directly from the fund company. This purchase requires a lot of money. Suitable for institutional investors.