Can the fund be sold on the same day?
Whether the fund can be bought and sold on the same day depends on the specific type of fund. Generally speaking, OTC funds cannot be bought and sold on the same day. Off-exchange funds need to rely on the investment of funds. Generally speaking, funds investing in the domestic market cannot be traded on the same day, while funds investing in overseas markets or investing in China and Hong Kong stock markets can be traded.
When selling during trading hours, the share will be confirmed on the second trading day according to the net value at the close of the selling day. After the share is confirmed, the funds will arrive in the account, usually 1-3 working days, depending on the product. When selling in non-trading hours, it is calculated according to the net value at the close of the second trading day, and the share is confirmed on the third trading day.
Open-end funds are not traded on the market, but are purchased and redeemed through banks, brokers and fund companies. The fund scale is not fixed, and closed-end funds have a fixed duration. Generally listed on the stock exchange, investors buy and sell fund shares through the secondary market.
According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds. Buying includes subscription, subscription and fixed investment. Selling includes redemption and liquidation. Fund subscription refers to the behavior that investors open fund accounts in fund management companies or selected fund consignment agencies and apply for purchasing fund shares in accordance with the prescribed procedures.