Funds other than OTC funds are OTC funds, and OTC funds cannot be traded on the exchange.
What's the difference between on-court and off-court
Trading channel
On-site funds can only be traded through securities accounts opened by securities companies with shareholder accounts, while off-site funds can be traded through banks, securities companies, third-party consignment platforms and fund companies.
Transaction rate
OTC funds trade like stocks. The process of buying and selling is to charge a commission, which is the same as that of stock trading. At present, most commissions are around 2000 yuan, and the transaction cost of OTC funds is relatively high. The subscription fee is generally between 6%- 1.5%. Many platforms have a 10% subscription fee, and the redemption rate is generally around 5%.
liquidity
The trading rules of OTC funds are very similar to those of stocks. After buying OTC funds, they can be sold in T+ 1 trading day, and the funds are also received in T+ 1 trading day, while OTC funds can generally be redeemed in T+2 trading days. The liquidity of funds in the market is stronger.
cheap
On-site funds implement matching transactions, and prices fluctuate in real time. Only the net value of an OTC fund is announced every day, and the investors who trade that day are all at the same price.
Investment model
On-site funds cannot be set to automatic fixed investment or fund conversion, and off-site funds can.
On-exchange funds are more like stocks, with greater volatility, and are more suitable for investors with rich investment experience, while off-exchange funds are more suitable for ordinary investors and people with stable financial needs.