The fund can be sold for one day. However, holding 1 day will charge a redemption fee of 1.5%, so investors are not advised to redeem after holding 1 day. Funds are long-term investment tools. Investors should not speculate on funds as stocks, because the transaction cost of funds is high.

Fund is a kind of collective securities investment, which has * * * income and * * risk. By issuing fund shares, investors' funds are managed centrally by fund custodians, and fund managers manage and use funds to invest in financial instruments such as stocks, bonds, foreign exchange and currencies, so as to obtain investment income and capital appreciation.