1. On-site fund refers to the fund transaction in the on-site market (stock exchange). T+ 1 transaction can only be sold on the second trading day of the day. Like stock trading, funds are traded according to the real-time market price (the principle of price priority and time priority), and the price limit is 10%, and the trading unit is 100 and its integral multiple. Over-the-counter fund refers to the fund that does not trade in the on-market market, implements T+ 1 trading, buys on the same day, and confirms the share on the second trading day. Every trading day is traded according to the closing net value (there is only one trading price every day), with no price limit, minimum trading unit and minimum trading amount limit (for different funds).

2. The differences between OTC funds and OTC funds are as follows:

1, trading places is different. On-site funds refer to funds traded on the exchange. There are more channels for the purchase and redemption of OTC funds, including banks, brokers and third-party financial platforms.

2. Transaction rate. Off-exchange funds are purchased through a third-party financial platform. Generally, the subscription fee is 10% off, and the redemption fee is determined according to the holding time. Generally, the shorter the holding time, the higher the redemption rate. The trading fee of the on-site fund shall be executed according to the commission rate signed by the client and the brokerage firm. Whether to cancel the single minimum 5 yuan limit?

3. Transaction price. The trading price of on-site funds is the published price that changes in real time, while the trading price of off-site funds is fixed.

4. The threshold is different. Compared with the minimum investment of OTC funds 10 yuan, OTC funds have a higher threshold and need to start with one hand. If you buy an ETF over the counter, you need 1 10,000.

5. Arrival time. On-site funds can be sold at T+ 1 day after purchase, and the funds can be used after the transaction is successful. Generally, OTC funds can only be redeemed after T+2 days after purchase, and the time for funds to arrive is generally T+ 1 to 7 working days.

6. Dividend payment method. On-site funds only receive cash dividends, while off-site funds can receive cash dividends and reinvest them.