On the day of share confirmation, the fund has income. The fund adopts the trading mode of T+ 1 If investors buy funds before 3 pm on weekdays, such as before 3 pm on Monday, the time to determine the fund share is the next trading day, that is, Tuesday. At this time, the fund has begun to generate income, and the income will be received on Tuesday. If an investor buys a fund after 3pm, say 4pm on Monday, it will be counted in the trading application of the next trading day, that is, it will be counted in the trading application of Tuesday. The fund share will be determined on Wednesday, and the income generated by the fund on Wednesday will arrive on Wednesday night.

Of course, the above situation is that the fund is profitable. If the fund loses money, it will also lose money on the day of share confirmation, and the fund loss will be updated on the books at night after share confirmation. When investors buy a fund, they begin to calculate the net value on the day when the fund confirms its share, and then the investors bear the profit and loss of the fund themselves.

Fund trading rules:

1, T+ 1 trading: buy or sell on the trading day (within the trading time), and confirm the share on the second trading day.

2. There is only one transaction price every day: the fund trades according to the net value at the close, that is, each transaction is the closing price.

3. Trading time: 9: 30am-1:30am, afternoon13: 00pm-15: 00pm from Monday to Friday, and trading is not allowed on legal holidays.

Principles of fund income distribution:

1, if the net value of the fund rises, investors can gain income. For example, if the price for investors to buy the fund is 1 and the price for selling the fund is 1.2, then each fund can earn a difference of 0.2.

2. The distribution right of each fund share is the same, and there is no situation that investors with more shares distribute first.

3. The fund will not distribute before making up the loss. If the fund loses money, it will not be allocated. And after the distribution of fund income, the net value of the fund cannot be lower than the face value of the fund.

4. The income distribution of the fund will lead to the decrease of the net value of the fund share. If the net value of each fund is 65,438+0.5 yuan, and each fund share is allocated 0.65,438+0 yuan income, the net value of fund share will be reduced to 65,438+0.4 yuan. But for investors, the value of the fund before and after the income distribution is unchanged.

5. The income distribution of closed-end funds adopts cash dividends. If the fund loses money this year, the income distribution of the fund will not be carried out. If you make a profit this year and lose money last year, you should make up for the loss of last year first, and then distribute the income. The income distribution of closed-end funds shall not be less than once a year, and the proportion of income distribution shall not be less than 90% of the annual income of the fund.

6. Open-end funds convert cash dividends and dividend reinvestment into fund shares, and investors can choose their own income distribution methods. An open-end fund contract shall stipulate the minimum number of annual income distribution and the minimum distribution ratio. If there is a loss this year, the income will not be distributed. If there is a profit in this year and a loss in the previous year, the loss in the previous year should be made up before the fund income distribution.