Funds are divided into OTC funds and OTC funds. OTC funds are traded through subscription and redemption. The fund is calculated according to the net value of the fund, so it is calculated according to the closing price of the fund. OTC funds are trading transactions, which are calculated according to the real-time price of funds, so they are calculated according to the real-time price of funds.

Over-the-counter funds refer to funds traded in markets other than stock exchanges, which are generally traded in banks, brokers and third-party fund consignment platforms, while on-site funds refer to funds traded in stock exchanges.