What are the trading rules of funds? Why set these rules? For Xiao Bai, who just started to buy funds, is this worth noting? The following are the trading rules of funds brought by Bian Xiao, hoping to help you.

Fund trading rules

To understand the calculation method of fund holding time, we must first understand the trading rules of fund subscription and redemption. The Fund trades on working day 15 according to the rules of T+ 1, that is, the subscription or redemption before working day 15 is counted as the trading day, and the confirmation date of subscription or redemption is T+ 1, that is, the next trading day.

How to calculate the fund holding for 30 days?

The holding time of this fund is the first day from the date of subscription confirmation, and the last day is the day before the date of redemption confirmation, and all dates in between are counted, including weekends and legal holidays.

For example:

Investors subscribe for the fund before February 1 1 (Tuesday), so February 12 (Wednesday) is the confirmation date of subscription and the first day of fund holding;

Apply for redemption of the Fund before March 12 (Thursday) 15, with March 13 (Friday) as the redemption confirmation date, and the day before the redemption confirmation date (March 12) as the last day of fund holding;

The holding time of this fund is 30 days from February 12 to March 12.

If there are legal holidays, the calculation of fund holding time will be relatively complicated. For example, if an investor subscribes for a fund before Thursday 15, the subscription confirmation date will be postponed to May 6, because May1-May 5 is a legal holiday of Labor Day, which is not a working day, and the fund company will not confirm the fund share, so May 6 will be counted as the first day of fund holding.

Does holding the fund for 30 days mean working days?

There is no redemption fee after 30 days, of course, holidays are also counted. The total liabilities of the Fund include:

(1) Unpaid remuneration payable to the custodian or manager as stipulated in the fund contract as of the calculation date.

(2) Other payables, including taxes payable, etc.

Fund liabilities should be calculated by daily withdrawal.

The total assets of the Fund include all the contents of the Fund's investment portfolio:

(1) The listed stocks and warrants owned by the Fund shall be subject to the closing price of the daily centralized trading market; Unlisted stocks and warrants are measured by qualified accounting firms or asset appraisal institutions.

(2) The listed bonds such as treasury bonds, corporate bonds and financial bonds held by the Fund shall be subject to the daily closing price; For unlisted companies, it is generally based on their face value plus the interest receivable on the calculation date.

(3) The short-term bills held by the Fund are based on the purchase cost plus the interest receivable from the purchase date to the calculation date.

(4) If there is no closing price or reference price on the calculation date specified in Article (1) and Article (2), the latest closing price or reference price shall be used instead.

(5) Cash and assets equivalent to cash, including deposits in other financial institutions.

(6) Reserves for assets and contingent liabilities that may not be fully recovered.

(seven) the assets that have entered into a contract but have not yet been fulfilled are regarded as fulfilled assets and included in the total assets.