However, it also depends on whether the monetary fund of your stock fund transaction is T 1 day, the bond fund is T3 days, and the stock fund is T5 days, excluding rest days. According to whether fund units can be increased or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market, but are purchased and redeemed through banks, brokers and fund companies. The scale of funds is not fixed, while closed-end funds have a fixed duration and are generally listed and traded on stock exchanges. Investors buy and sell fund shares through the secondary market.
According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund. It is established by fund managers, fund custodians and investors through fund contracts, and is usually called contractual funds. China's securities investment funds are all contractual funds.