Lock-up holding period refers to the effective date of the fund contract (for subscription shares, the same below), the application date of fund share subscription (for subscription shares, the same below) or the application date of fund share conversion (for share conversion, the same below) (i.e. the start date of lock-up holding period), and ends on the day before the effective date of the fund contract, the application date of fund share subscription or the annual registration date of fund share conversion (i.e. the expiration date of lock-up holding period).
Automatic investment plan
Fund regular investment is a way of fund subscription business. Investors can submit an application through the fund's sales organization and agree on the time, amount and method of each deduction. The sales organization will automatically complete the deduction and fund subscription in the fund account designated by the investor on the agreed deduction date.
Characteristics of fixed investment of funds
1, average cost, risk diversification
It is difficult for ordinary investors to grasp the right investment opportunity in time, and they often buy at the high point of the market and sell at the low point of the market. However, the fixed investment mode of the fund is adopted. No matter how the market fluctuates, the fixed investment fund will be fixed for one day every month, and the bank will automatically deduct the money, and automatically calculate the number of fund shares that can be purchased according to the net value of the fund. In this way, investors buy funds on schedule, and the investment cost is relatively average.
2. Suitable for long-term investment
Because the regular quota comes into the market in batches, when the stock market is consolidating or falling, because the regular quota is undertaken in batches, you can buy more and cheaper, and the return on investment after the stock market rebounds is better than that of a single investment. For the China stock market, it should be a volatile upward trend in the long run, so regular quota is very suitable for long-term investment and financial planning.
3. It is more suitable for investing in emerging markets and small equity funds.
For emerging markets or small stock-based overseas funds with large fluctuations in medium and long-term fixed investment performance, because the stock market callback time is generally long and the speed is slow, but the rising stock market rises rapidly, investors can often accumulate more fund shares when the stock market falls, thus obtaining a better return on investment when the stock market rebounds. According to Lipper Fund data, as of the end of June 2005, investors who continue to deduct money to invest in any emerging market or small company stock fund have an average return of at least 23%.
4, automatic deduction, simple procedures
Fixed-term investment funds only need investors to go through the one-time formalities at the fund agency, and then they will automatically deduct the subscription for each period, usually on a monthly basis, but there are also other time limits such as semi-monthly and quarterly as regular units. In contrast, buying a fund by yourself requires investors to go through the formalities in person at the agency every time. Therefore, the fixed investment fund is also called "lazy financial management", which fully embodies its convenient characteristics.
For the public.
Suitable for office workers with fixed salary. After deducting daily expenses, people with fixed income often have a surplus. At this time, a small amount of fixed investment is the most appropriate.
A busy man who is absorbed in his work and has no time to manage money. The fund can invest automatically for a long time with a fixed investment.
I don't like steady people who invest too much risk. The fixed investment of the fund can stabilize the cost, reduce the risk of price fluctuation and improve the profit opportunity.
Cost problem
The expenses directly borne by fund investors refer to the one-time expenses paid by investors when conducting fund transactions. For closed-end funds, like buying and selling stocks, a certain percentage of commission is paid outside the price. For open-end funds, it mainly refers to subscription fee and redemption fee.
Fund operating expenses refer to the expenses incurred during the fund operation, mainly including management fees, custody fees and other expenses, which are directly deducted from the fund assets.