According to different trading places, funds can be divided into on-site funds and off-site funds. Among them, OTC funds refer to funds that can be traded in the secondary market, and investors can buy them through stock accounts, while OTC funds refer to funds traded in the OTC market. Investors can buy through some consignment agencies, such as Alipay and Tian Tian Fund Network, but investors can apply to transfer off-site funds to the market. Next, we will introduce you to the conversion steps.

The specific steps for transferring off-site funds into on-site custody are as follows:

1. When an investor applies to transfer the fund shares to the on-site system, he shall present valid identity documents to the business department of a qualified member of the Shanghai Stock Exchange for designated transactions, unless the designated transactions have been handled.

2. On the T day, the investor applies to the fund manager of the OTC transferor or its consignment agency for the transfer of fund shares to custody. The fund manager of the OTC transferor or its consignment agency shall declare the transfer custody as required, which must indicate the transferor code (SSE), open-end fund account number, fund code and the number of times of transfer custody, and the number of times of transfer custody shall be an integer.

3. At the end of T Day, China Clearing Company's TA system processes the application for re-custody. The application data of qualified re-custody will offset the fund share of the investor's Shanghai open-end fund account and correspondingly offset the fund share of the Shanghai securities account; For unqualified application data for re-custody, the reasons for failure shall be indicated and fed back to the transferor fund manager or its consignment agency.

4. On T+1day, China Clearing Company will give feedback to the fund manager of the OTC transferor or its consignment agency on the success and failure of the transfer.

Investment is risky, so be cautious when entering the market.