Before investing in a fund, we should not only learn some technical indexes, but also understand the trading rules of the fund. Do you know how long it takes to buy a fund and sell it?

how long can I buy a fund and sell it?

Different types of funds have different selling and buying intervals, which can be discussed from the perspectives of on-market funds, off-market funds, closed-end funds and open-end funds.

1 OTC funds are divided into open and closed types. For open-end funds, funds are generally confirmed by T+1 and displayed by T+2. After T+2 is displayed, investors can choose to sell at any time. For closed-end funds, you need to wait until the open day before you can purchase and redeem them. Off-site closed-end funds are generally based on fixed-opening funds in xx months, which means that they will be opened regularly in xx months.

2 on-site funds. On-site funds can be bought and sold in the secondary market like stocks. Most on-site funds implement the t+1 trading system, and they can only be sold when they are bought on the same day and the next trading day. There are also a small number of on-site funds that can be traded at t+, such as bond ETFs, gold ETFs, currency ETFs and cross-border ETFs.

In fact, on-site funds can also be open and closed, but because most transactions are not like off-site purchase and redemption, they are the transfer of fund shares among investors.