The difference between on-site subscription and off-site subscription of funds;
1, trading channels are different. After opening an account, the on-site subscription funds are traded through the trading software of the securities company; Over-the-counter purchase funds are traded through bank counters, online banking, securities company counters, fund company websites and other channels.
2. The transaction objects are different. Funds that can be purchased in the market include LOF funds, ETF funds and closed-end funds. Funds in the market cannot be fixed or converted. All open-end funds, including LOF funds and some ETF funds, can be purchased off-site, and most of the off-site funds can be fixed and converted.
3. The transaction rate is different. The highest one-way transaction rate of buying or selling in the market shall not exceed 0.3%; The off-site subscription rate is generally 0.6% ~ 1.5%, and the redemption rate is generally 0.5%.
4. The arrival time is different. The on-site funds can be sold within T+ 1 working day after purchase, and the funds will be received within T+ 1 working day; Off-exchange funds can be redeemed within T+2 working days after subscription and received within T+ 1 working days.
5. The transaction price is different. On-site purchase is conducted in the form of stock trading. According to the relationship between supply and demand, the transaction is carried out at a timely price, and the price is different at different trading times on the trading day. Over-the-counter subscription is an unknown price, which is traded at a net price, and there is only one price every day.
6. Dividends are distributed in different ways. The only way to pay dividends for the on-site subscription fund is cash dividends; OTC subscription funds can be divided into cash dividends and dividend reinvestment.
Steps to purchase funds:
To buy a fund in the market, you should first consult the securities company about relevant matters, and learn about the banks that have cooperative relations and networking with the securities company, and then bring your ID card to this bank to apply for a bank card, and open a bank-securities transfer to deposit cash. Then bring your ID card to the stock exchange to open a shareholder account and a capital account (so-called margin account), sign an entrustment agreement, obtain the shareholder seats in the Shanghai and Shenzhen stock markets, and obtain relevant passwords and materials. After that, you can buy on-site funds. If you sign an online trading commission with a securities company after opening an account, you can also download the stock trading software designated by the securities company that opened the account on your home computer and buy and sell funds on your home computer. Operation method of the floor fund: The floor fund can be purchased at any time and traded in real time in the same way as stocks. The transaction price is determined by the buyers and sellers, and traded at the market price. The five prices listed are the participants' quotations. If the seller's bid is the same as the buyer's bid, the transaction is concluded.
If you want to close the deal at once, you can quote at the selling price of 1, or you can quote a lower price, but wait, close the deal if you can reach your price, or close the deal if you can't. Advantages of fund on-site subscription: the on-site subscription is at least 1 lot (i.e. 100), and the one-way transaction rate of buying or selling does not exceed 0.3%, without stamp duty and miscellaneous fees. After the on-site purchase, the funds can be sold in T+ 1 working day, and the funds can be received in T+ 1 working day, and T+0 operation can also be performed. Therefore, the on-site subscription fund has the advantages of low subscription cost, low transaction rate, fast receipt of funds and convenient band operation.