Graded funds can be subscribed or purchased or redeemed in both on-site and off-site ways.
On-site purchase, subscription and redemption are carried out through securities companies qualified for fund consignment business in Shenzhen Stock Exchange.
Over-the-counter subscription, subscription and redemption can be handled through the business place where the fund manager's direct selling agency or consignment agency handles the fund sales business, or through other means provided by the fund manager's direct selling agency or consignment agency.
After the two types of shares of graded funds are listed, investors can trade through securities companies.
Opening conditions of graded funds
Individual investors and general institutional investors
1)20 17 May 1 day, the "Management Guidelines for Graded Fund Business" of Shanghai Stock Exchange and Shenzhen Stock Exchange was formally implemented, and the average daily securities assets in the first 20 trading days of applying for opening authority were not less than RMB 300,000;
Securities assets include assets in securities accounts and capital accounts opened in the name of investors, excluding funds and securities that investors integrate through margin financing and securities lending.
2) There are no laws, administrative regulations, departmental rules, normative documents and business rules that prohibit or restrict participation in classified fund transactions.
Professional institutional investors
There is no need to apply for the relevant authority of the graded fund, and members can directly open it.
How to buy graded funds
Graded funds can be subscribed or purchased or redeemed in both on-site and off-site ways.
On-site purchase, subscription and redemption are carried out through securities companies qualified for fund consignment business in Shenzhen Stock Exchange.
Over-the-counter subscription, subscription and redemption can be handled through the business place where the fund manager's direct selling agency or consignment agency handles the fund sales business, or through other means provided by the fund manager's direct selling agency or consignment agency.
After the two types of shares of graded funds are listed, investors can trade through securities companies.
Opening conditions of graded funds
Individual investors and general institutional investors
1)20 17 May 1 day, the "Management Guidelines for Graded Fund Business" of Shanghai Stock Exchange and Shenzhen Stock Exchange was formally implemented, and the average daily securities assets in the first 20 trading days of applying for opening authority were not less than RMB 300,000;
Securities assets include assets in securities accounts and capital accounts opened in the name of investors, excluding funds and securities that investors integrate through margin financing and securities lending.
2) There are no laws, administrative regulations, departmental rules, normative documents and business rules that prohibit or restrict participation in classified fund transactions.
Professional institutional investors
There is no need to apply for the relevant authority of the graded fund, and members can directly open it.
In addition, also need to pay attention to:
1. Pay attention to the leverage ratio: It should be noted that when purchasing graded funds, the share ratio of the stable part and the enterprising part is usually 1: 1 or 4: 6.
2. Pay attention to Class A interest rate: At present, many stable shares in the fund market are floating interest rate products, and the annual income is generally 3% or 3.5% of the one-year interest of banks in the same period. Because future interest rate changes will not affect it, this part will have more and more prominent advantages in the interest rate reduction cycle and can be used as a substitute for fixed deposits or national debt.
3. Pay attention to share conversion: everyone should pay attention to share when purchasing graded funds. This is because the conversion of graded funds can keep the leverage of high-risk shares within a certain range and avoid the risk-return level of high-risk shares from seriously deviating from the initial operation.