Extended data:

There is a difference between buying and selling around 3 pm. Funds are different from stocks. Transactions at any time before 3 pm on the trading day, whether bought in the morning or afternoon, whether bought at the high or low point of the day, are calculated according to the net value after the close of the day.

When you buy a fund, the net value you see is the net value of the previous trading day. What is the net value of the fund you bought? You won't know until the net value of the fund is updated after the close. That is, when you buy a fund, you actually don't know what the price is.

For purchases made before 3 o'clock on the trading day ("T"), calculate the net value of the day (generally, you can check the net value of the day after updating the net value after 8 o'clock in the evening); For purchases made after 3 o'clock on the trading day, the net value of the next trading day (T+ 1) shall be adopted. Specifically, the information confirmed after the fund subscription shall prevail.

Therefore, the purchase or redemption of funds before 3 o'clock on the trading day is counted as the transaction of the day, which will be 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 is counted as a transaction on the next trading day (T+ 1) and will not be confirmed until the next trading day (T+2), and then the profit and loss can be inquired until the next trading day (T+3).

References:

Fund Trading-Baidu Encyclopedia