Matters needing attention in purchasing funds on holidays
Although the fund is a long-term investment, most investors can't change the habit of frequent subscription and redemption in the short term. So be sure to calculate the holding time of the fund.
Holding time of the Fund = confirmation date of fund redemption-confirmation date of fund subscription.
During the holding period, the Fund calculates the income, and the confirmation date is the fund share confirmation date. The confirmation date is calculated as working days, and the subscription and redemption of the Fund are confirmed on T+ 1 day. Let's take the National Day in 2020 as an example. There are two holidays around National Day, September 27th and June 10. These two days are normal working days, but they cannot be counted as working days. The fund application on September 27th can't be confirmed until1October 9th 10. The holiday of 1-8 will occupy funds, but it can't generate and calculate income. Therefore, people who want to buy funds before holidays should pay attention to the calculation of working days.
Monetary fund is a special case among funds. Even on holidays, every day is profitable. The fixed investment date of the money fund is also T+ 1 day after the subscription, and the income will be enjoyed after the share is confirmed. This is also the advantage of the Monetary Fund compared with other funds.
Generally speaking, in order to protect the interests of the original holders, the Monetary Fund will suspend the subscription of the Monetary Fund in advance. At this time, we should pay attention to the announcement of fund companies in advance and make investment plans in advance according to the announcement.