The trading day ("T") refers to Monday to Friday except holidays, and the trading time is 9: 30 am-11:30 pm 1:00-3:00 pm. Saturday, Sunday and national holidays are not traded, which is the "non-trading day" of the fund.
If you buy on a certain trading day (Monday to Friday, when the stock market opens), you will generally see the fund share you bought after T+2(T is the trading day when you buy the fund, and +2 is the two trading days after the day you buy it).
Buying funds on non-trading days will generally be postponed to the next trading day.
There is a difference between buying and selling around 3 pm.
If the fund is purchased or redeemed before 3 o'clock on the trading day, it will be counted as a transaction on the same day, confirmed on the next trading day (T+ 1), and the profit and loss will be checked on the next trading day (T+2).
The purchase or redemption of funds after 3 o'clock on the trading day shall be counted as a transaction on the next trading day (T+ 1), confirmed on the next trading day (T+2), and the profit and loss shall be checked on the next trading day (T+3).
Extended data
It is important to choose the right time to buy investment funds, but it is most important to choose the right time to redeem and realize the income. Otherwise, it will only be a temporary paper wealth, and finally it will be empty.
Selling funds is the same as selling stocks, so we need to master several principles, so as to find a time that is relatively close to the best opportunity and obtain better returns.
First, investment funds, especially equity funds, sometimes need to "sell high and suck low"; The second is to consider the fund's rate regulations and choose the right redemption opportunity. For example, after some funds are held for half a year or one year, the redemption rate is halved or completely exempted, so that the holding period meets the conditions and the transaction cost is reduced; Third, when the performance of the fund is obviously poor, we should be brave enough to abandon it and convert it into other funds; Fourth, when the fund manager's operation is found to be problematic, he should not hesitate to redeem it.
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