The number of days the fund is held is related to the handling fee when it is sold. The most common thing is that the handling fee for selling within 7 days is very high, so short-term investors generally hold it for 7 days and sell it. So how is this held for 7 days? When did it start?

How do you think the fund lasts for seven days?

Holding the fund for seven days means that the interval between buying and selling reaches seven days, and the holding time is calculated from the date when the fund confirms the share, not from the time of purchase. These seven days include trading days and weekends, not just trading days. For example, a fund bought before Monday 15 can only be confirmed on Tuesday, so the holding days will be counted from Tuesday to next Monday. It means to buy before Monday 15:00, and sell it next Monday for 7 days. If you buy after Monday afternoon 15, it will take less than 7 days next Monday and 7 days next Tuesday.

The holding time of the fund is related to the handling fee at the time of selling. If it is held for less than 7 days, the fund company will charge a handling fee of not less than 1.5%, 0.5% of the redemption amount for less than 1 year, 0.25% for more than 1 year and less than 2 years, and 0 for more than 2 years.

In fact, holding for less than 7 days charges a higher redemption fee, mainly to prevent speculation and to protect the interests of individual investors. After all, funds are different from stocks, and stocks can be operated in the short term. If you operate funds frequently in the short term, it will lead to unstable funds and affect market stability.

Tips for reducing the handling fee of funds;

1 The subscription amount is large, and the subscription fee depends on the amount invested by investors. The larger the subscription amount, the lower the handling fee.

2 Long-term holding and redemption fees are determined according to the length of time that investors hold the Fund. The longer they hold the fund, the lower the cost, or even free.

3 fund companies sell directly, with the lowest handling fee, but the types of funds are limited. You can choose a third-party consignment platform, such as Alipay and Tian Tian Fund, which all have preferential handling fees.

After reading the above introduction, I believe everyone has a clearer understanding of how to treat the fund for seven days. The fund is held for less than 7 days and sold. Perhaps the money earned these days is not enough to pay the handling fee, so the fund is more suitable for long-term holding.