Holding fund: a fund that can only be redeemed after it has been held for a period of time. The holding fund cannot be redeemed until the holding period expires. The holding funds are mainly hybrid funds and equity funds, among which there are many hybrid funds, and the holding period of funds is generally between 3 months and 5 years.
What is the specific difference between fixed-term funds and holding funds?
Both fixed-term funds and holding funds have redemption time limits, that is to say, investors must meet certain time limits before they can operate.
For fixed-term funds, they can only be purchased and redeemed during the opening period, and the shares purchased during the opening period can be redeemed during the same opening period. However, short-term redemption fees may be charged for short-term redemption.
For holding funds, it is necessary to hold them until maturity. In the case of multiple fund holding transactions, the holding period is calculated separately for each transaction. If you want to redeem the fund at one time, you need to wait until the last fund you bought expires before you can redeem it all.
Fixed open-end funds can only be purchased during the open period. Holding funds have no buying restrictions and can be bought at any time like other ordinary open-end funds.
The first closing period of fixed-term funds is to announce the net value once a week, usually on Friday night, and then every trading day.
Holding funds also publish their net value once a week before the first opening and once every trading day after the opening.