Frequent knowledge about fund trading

Frequent knowledge about fund trading 1. You cannot find the shares on that day

Normally, the fund you buy today , the fund company will confirm the shares you bought on the next trading day; you can find out how many shares you bought and the transaction price on the next trading day through the fund company's official website and sales agency in your account name .

In other words, you cannot check the shares you bought on the day you buy the fund. You can check it after two trading days.

Among them, QDII funds (such as Rongtong Fengli Four-point Method) are special. The fund company confirms the shares on two trading days, and you can inquire on the third trading day after purchasing.

No matter which sales agency you purchase the fund through, you can check it through the official website of the fund company.

In addition, if you subscribe for a fund on the official website of the fund company, after you buy it, regardless of whether you can check the shares, you can usually check the transaction status on the official website of the fund company.

For example, if you buy a fund through the Xiaotongjia official website, you can see the purchased fund and the current processing status in "Account Inquiry" - "Transaction Details".

Some popular science

Trading days can be simply understood as the days when A-shares open, which are usually working days, that is, Monday to Friday. Each trading day exceeds 15:00 Applications will be counted as applications on the next trading day.

For example, Tuesday and Wednesday are both trading days. If you subscribe for a fund at 16:00 on Tuesday, because it exceeds 15:00 on Tuesday, the It will be counted as a subscription transaction on Wednesday, and calculated based on the net fund value on Wednesday.

The terminology is a bit complicated, we can check it with the following table:

If Monday to Friday falls on a holiday, The A-share market is not open, and all transactions and inquiries must be postponed to the next open day.

For example, if January 1st of a year falls on a Friday and it is also the New Year's Day holiday, this Friday is not an open day. If the application is made before 15:00 on Thursday, it cannot be confirmed due to the holiday on Friday. It will not be confirmed until Monday, and the inquiry will be made on Tuesday.

Trivia about fund trading 2. You don’t know the price when buying a fund

Open-end funds adopt the "unknown price" trading principle (money market funds are special, the net value is 1.00 Yuan).

The subscription and redemption prices of the fund are calculated based on the net value of the fund unit calculated after the market close on the day of application.

For funds subscribed before 15:00 on T day, the actual transaction price is the net share value of the fund on T day. This net value will not be calculated until the market closes, usually around 20 o'clock on T day. Announced on the official website.

For your subscription, redemption, conversion and other transactions before 15:00 on T day, the net value of the fund on T day will not be found at that time. The latest net value that can be found is the net share value of the fund on T-1 (the Rongtong Fengli four-point method is the net share value on T-2). It is not your actual transaction price on T-day and is for reference only.

Trivia about fund trading 3. It is not cost-effective to buy currency funds after 15:00 on Thursday

Currency funds start to enjoy income from the share confirmation date. That is, you subscribe on T day, the share is confirmed on T+1, and you can enjoy the benefits from T+1.

We assume that Friday and next Monday are both trading days, not holidays.

If you subscribe for a currency fund on Friday, Saturday and Sunday are public holidays and not trading days. Therefore, the confirmation of shares must be postponed to the next trading day, that is, the shares can be confirmed next Monday. Enjoy the benefits. You cannot enjoy profits on Saturdays and Sundays.

If you subscribe for a currency fund before 15:00 on Thursday, your share will be confirmed on Friday and you will start to enjoy the income. You can also enjoy the income on Saturday and Sunday.

So, if you are already planning to subscribe for a currency fund, it is best to avoid subscribing on Friday or the trading day before a holiday.

Trivia about fund trading 4. Transactions can be canceled after buying a fund

In most cases, the subscription, redemption, conversion and other transactions on T day can be canceled on T Cancel the order before 15:00 on the day.

There are three main situations in which orders cannot be canceled:

① For transactions on T day, the order is canceled after 15:00 on T day.

②Cash treasure T+0 for quick cash withdrawal.

③Subscribe new funds.

Note: The trading times for circuit breaker events on January 4 and January 7 are relatively special, and shall be subject to the announcement at that time.

After the stock base is redeemed

It does not take 3-5 working days to get the money

The arrival time of the redemption funds and the redemption It is related to the fund type and redemption channel.

Normally, funds purchased through the official website and official app of the fund company will arrive quickly when redeemed, generally more than one day faster than banks, securities companies and other sales institutions.

For example, if you redeem funds through the official website on T day: cash treasure will arrive in your account at the fastest 1 second; index and hybrid funds will arrive at the fastest time after 15:00 on T+1.

Specifically:

Funds subscribed on the official website and App

Take financing funds as an example:

Monetary funds: ordinary redemption It will be credited to your account on T+1 day; fast cash withdrawal can be credited to your account in as fast as 1 second.

Rongtong Fengli Quarter Method (QDII): Arrival on T+7.

Non-monetary funds: credit will be received on T+3 days after redemption. If you want to get the money quickly, the method is as follows:

Funds subscribed by banks, securities firms and other sales institutions

Currency funds will arrive on T+2 days after redemption;

Non-monetary funds will be credited on T+5 days after redemption;

Rongtong Fengli Quarter Method (QDII) is special, and credit will be credited on T+10 days.

Trivia about fund trading 5. Dividend distribution methods can be modified repeatedly

Open-end fund dividends mean that the fund distributes part of its income to investors, and this part of the income is originally the fund's assets. Part of it, the dividend itself will not increase your income. In fact, it is a share of your own money.

Cash dividends

When the income is distributed, the dividends will be distributed directly to the investor's account in the form of cash.

If you need money, or are not optimistic about the market outlook, you can be safe by choosing cash dividends.

Dividend reinvestment

When the income is distributed, the dividends will be automatically converted into fund shares for reinvestment based on the net value of the shares on the ex-rights date. The reinvested portion of the dividends will be exempted from subscription fees.

If you plan to invest for a long time and the cash is temporarily useless, you can choose to reinvest the dividends. In addition, if you are optimistic about the market outlook and expect a large upside, you can choose to reinvest the dividends to achieve "compounding profits" and save subscription fees.

The method of fund dividend distribution is not static. Every time a dividend is distributed, it can be modified before the equity registration date. If it is modified multiple times, the dividend method recorded in the registration agency on the equity registration date shall prevail.