Now open-end funds can be held for a long time. Especially like debt base, as long as it is held for a long time, it can show a relatively stable and considerable rate of return. At least it can break even and the risk is low. As long as the fund is not forced to close its position, there is no fixed number of years. You think you can redeem it at any time if you meet your expectations or are in a hurry to use the money. In other words, you can only buy it for one year. In addition, in order to encourage people to hold it for a long time, most fund companies have a policy of holding it for one year, halving the redemption fee and exempting it for two years.

Bond funds are currently divided into open and closed types.

1. Open days can be bought and sold at any time (except rest days).

2. According to the contract, it is closed, and the subscription and redemption are not open during the closed period. Generally, the closed period is about 3 or 5 years.

3. Although closed-end funds cannot be purchased during the closed period, they can be purchased at the transaction price in the secondary market, so that bond funds can be purchased about one year from the end of the closed period.