On the third day at the earliest. At present, the trading rule of most Public Offering of Fund in China is T+ 1, and the time from buying to redemption can be sold on the third day at the earliest. For example; For example, you bought a Public Offering of Fund with T+ 1 trading rules today, and today is the National Day holiday, so the funds you bought during the holiday need to wait until the normal opening of the market (65438+1October 8) to be accepted. To put it bluntly, funds bought on non-trading days can be regarded as orders bought before trading day 15:00. From the date when the subscription is accepted, the share is confirmed as T+ 1. According to my example above, I bought today, (10 8) was accepted successfully, and (10 9) was confirmed as a share. Funds whose shares are confirmed on the same day cannot be converted and sold, but can only be converted and sold the next day. Therefore; The fastest time for the fund to buy, accept, confirm the share and then sell needs to be implemented on the third day.

1. OTC funds are divided into open and closed types. For open-end funds, funds are generally confirmed by T+ 1 and displayed by T+2. After T+2 is displayed, investors can choose to sell at any time. For closed-end funds, you need to wait until the open day to purchase and redeem. Off-exchange closed-end funds are generally based on fixed open-end funds for xx months, which means that they will be opened regularly for xx months.

2. On-site funds. On-site funds can be bought and sold in the secondary market like stocks. Most of the funds on the floor implement the trading system of T+ 1, and only when they are bought on the same day can they be sold on the next trading day. There are also a few on-site funds that can trade T+0, such as bond ETFs, gold ETFs, currency ETFs and cross-border ETFs. In fact, on-site funds can also be open and closed, but because most transactions are not like off-site purchase and redemption, but fund share transfer between investors.

Investment funds are not stocks, so they don't need to be bought and sold frequently, and they don't need to specify short-term quotes all day. Many novice investors tend to pay too much attention to short-term market returns, but actually buying funds can't make you rich overnight. If you are willing to hold an excellent fund product for a long time, you have defeated more than 90% investors in the market. In this way, you can achieve the effect of exchanging time for space.