Can the fund be sold for one day?
If it is an on-site fund, it belongs to the trading system of T+0, that is to say, after buying on the same day, it can be sold on the same day and the next day. Mainly refers to the fund listed on the exchange, which is flexible and can be sold for one day.
If it is an OTC fund, it belongs to the trading system of T+ 1, that is to say, after buying on the same day, it cannot be sold on the same day, and it will not be sold until the next trading day, so whether the fund can be sold in one day depends on the situation.
For example, if a fund is bought on Monday of a working day, its share will be confirmed on Tuesday of the working day, so it can be sold for one day. However, if it is bought on Friday of the working day, according to the trading system of T+ 1, its share will not be confirmed until next Monday, so it cannot be sold for one day because its share has not been confirmed.
Can the fund be held for one day and sold?
Generally speaking, it depends on whether the fund can be sold in one day. If investors buy more money and earn more, they can make money in addition to the handling fee, then it is ok to sell the fund for one day. After all, buying and selling funds is to earn the difference.
However, if you buy less money, the fund will lose money if you buy it for one day, or the income earned is not enough to offset the handling fee, then it is not good for the fund to sell for one day, because the handling fee for holding the fund in the short term is more expensive.