Funds are divided into on-site and off-site. On-site trading and off-site trading are two channels of fund trading, but there are some differences in transaction cost, transaction menu, transaction object, price limit and so on, especially in buying on-site funds. Investors should know their trading rules.

How did the fund rise and fall on the first day of listing?

1 Shanghai Stock Exchange: closed-end funds and ETFs, with no restrictions on the first day of IPO.

2 Shenzhen Stock Exchange: closed-end funds and ETFs, the daily limit of IPO is 10%.

On-site trading of funds is to open a shareholder account or an on-site fund account in the stock exchange, and use the online trading system of securities companies to buy and sell funds in real time, and the transaction price is auctioned by buyers and sellers; Over-the-counter fund purchase and redemption through banks, brokers, online direct sales and other channels is an over-the-counter fund transaction.

Finally, I would like to remind you that buying a floor fund is very similar to buying stocks, but the handling fee is completely different, because the floor fund does not need to pay stamp duty, and the floor fund can also be entrusted in advance. The entrustment time refers to the entrustment time of the securities night market, which starts at 20:00 every trading day. T- 1, 20: 00 ~ T- 15:00, and the entrusted declaration date is t day.