As we all know, LOF fund refers to the open-end securities investment fund that is issued, listed and traded on the stock exchange. It is essentially an open-end fund, but it combines the advantages of open-end funds and closed-end funds. What are the trading rules of lof funds? What is the cost of this transaction? Let's introduce it to everyone.

What are the trading rules of lof funds?

1.Lof fund purchases funds at designated outlets, and must go through the relevant re-custody procedures before selling funds on the exchange; In the same way, if you want to redeem the fund you bought on the exchange at the designated outlets, you must also go through the corresponding transfer custody procedures.

2.Lof fund is an open-end fund, so there will be a closed period when raising. This closed period is for fund managers to formulate corresponding investment strategies and complete corresponding filing procedures.

The closed period will basically not exceed three months, and the open day should be the normal trading day of the stock exchange. After the purchase and redemption in the open market, you can declare the purchase and redemption through the securities business department of a securities company with the qualification of fund consignment business.

It is worth noting that each subscription and redemption will have a price as the net value of the fund share, which is calculated after the closing of the market on the day of accepting the application, so the subscription and redemption can only be carried out within a certain period of time, and cannot be purchased and redeemed at any time.

3. In addition, lof funds can be sold or bought at any time during on-site trading, which is similar to stock trading, and each transaction starts with 100. The law of Lof fund price fluctuation is the same as the law of stock price fluctuation, which is 10%.

The biggest advantage of floor trading is that funds arrive quickly. After the investor sells the fund shares on T day, the funds will arrive in T+ 1 day, and the redemption funds will arrive in T+2 days at least.

What is the cost of this transaction?

There is a handling fee when trading. Generally, the transaction cost of lof is the same as the rate of stock account, and generally the maximum is not more than three thousandths.