OTC funds, simply put, are buying funds in the primary market - buying them directly from the fund company. After the fund company issues the fund, we can subscribe and redeem it from the fund company, which is the buying and selling action that we often refer to verbally.

So when you buy a fund on a fund sales platform, such as Alipay, Tiantian, or Omeuan Qianbo, you buy it directly from the fund company. This type of fund is an over-the-counter fund.

On-site funds in the market refer to the place where securities are traded, and brokerages provide us with the means to trade on the stock exchange. On-site funds are just like buying stocks. The vast majority of cases come from you, me, him and other investors buying TA transfer funds, rather than directly going to fund companies to buy and sell.

This is similar to buying and selling funds from the secondary market. This transaction must be conducted on the stock exchange, so it is also called an exchange fund, and can only be purchased in the brokerage software.

The above mentioned are the differences between on-exchange and over-the-counter funds in terms of trading objects and trading platforms.

They also have differences and think that the net worth update time is different. The net value of OTC funds is updated daily, usually not until approximately 21.m. So the net value seen before 3 o'clock today is the previous trading day.

The net value and stock price of funds on the market are the same, but they are different every second. They all change in real time.

According to different standards, securities investment funds can be divided into different categories:

(1) According to whether the unit can be added or redeemed, it can be divided into open-end funds and Closed-end funds. Open-end funds are not listed for trading (depending on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed.

(2) According to different organizational forms, they can be divided into corporate funds and contract funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund. my country's securities investment funds are all contract funds.

(3) According to different investment risks and returns, they can be divided into growth, income and balanced funds.

(4) According to different investment objects, they can be divided into four categories: currency funds, bond funds, hybrid funds, and stock funds.