The fund I bought on the 30th will be seven days on the 8th of next month. Seven days of the fund refers to seven days from the date of successful subscription confirmation of the fund. If the fund is held for less than seven days, the handling fee will be very expensive, which is about three times more expensive than that for more than seven days. The holding days of the fund are calculated from the confirmation date of the fund subscription to the day before the fund redemption, including weekends.

I. Characteristics of the Fund

The operation mode of stock funds is equity investment, that is, through capital increase and share expansion or share transfer, the shares of unlisted companies are obtained, and profits are made through share value-added transfer. The characteristics of equity investment include the very rich return on equity investment. Unlike debt investment, which earns interest income of several percentage points of investment capital, equity investment earns dividends in direct proportion to the company's capital contribution. Once the invested company is listed successfully, the profit of private equity investment fund may be several times or even dozens of times. Investment is accompanied by high risks. Equity investment usually requires several years of investment cycle. Because the invested enterprise is in the development period or growth period, the development of the invested enterprise itself is risky. If the invested enterprise ends in bankruptcy, the private equity fund may lose all its money.

Second, the calculation method of the fund holding for seven days.

To understand the calculation method of fund holding time, we must first understand the trading rules of fund subscription and redemption. Holding a fund for seven days means that the natural number of days between buying and selling funds reaches seven days, including weekends and various legal holidays. Specifically, it is held from the first day of the fund confirmation date, and then calculated to the natural day before the fund redemption confirmation date. It should be noted that the fund holding date includes a natural day, but the fund confirmation date is only a trading day, not a natural day.

As can be seen from the above, the seven-day holding period of the fund refers to seven days from the date of successful confirmation of the fund subscription. These seven days are normal seven-day periods, not seven working days. It should be noted that investors should pay attention to the time point when calculating the holding days, and apply for redemption around 3 pm, with different confirmation dates.