Fund trading is strange to many people. Just like maps, there are also maps called fund trading guides. The following small series summarizes the following fund trading guidelines for everyone, hoping to help your investment.
Fund purchase guide 1. Can the subscription/subscription application be revoked?
During the period of stock issuance, the subscription application formally accepted by investors shall not be revoked.
For the subscription application submitted within the fund business processing time on that day, investors can submit the cancellation application and cancel it before 15: 00 on that day. The application cannot be cancelled after 15: 00.
Guide to fund purchase II. Where can I buy an open-end fund of a fund management company?
A fund management company shall communicate with the outlets (including electronic service channels) of direct selling centers, regional financial centers and various agencies (including banks, brokers and other agencies) designated by the fund management company.
Guide to fund purchase iii. Who can buy open-end funds issued by fund management companies?
(1) Individual investors include China residents who legally hold current valid ID cards, military personnel cards, passports and other documents in People's Republic of China (PRC).
(2) Institutional investors include enterprises as legal persons, institutions as legal persons, social organizations or other organizations legally registered in People's Republic of China (PRC) or established with the approval of relevant government departments.
Guide to fund purchase. I opened a fund account of a fund management company in a securities company. If I buy a new fund in the agent bank of the fund management company, do I need to open another account?
All open-end funds of the same fund management company are in the same fund account, but each fund management company opens different fund accounts, which are distinguished by fund management companies. Anyone who holds a fund account card opened by a fund management company can buy all the open-end funds under the company.
Therefore, if an investor who has already opened a fund account in a securities company buys a new fund in a consignment bank, he does not need to open a new account, but only needs to add a trading account.
Guide to fund purchase. What information do individual investors need to prepare to open an account?
(1) Original of my legal identity document (including: resident identity card, military officer's card or passport);
(2) Fill in a complete application form for capital account business.
Guide to fund purchase. Can Hong Kong and Macao residents buy open-end funds of domestic fund management companies?
Of course. Hong Kong and Macao residents can use passports to open accounts and purchase open-end funds of domestic fund management companies.
Guide to fund purchase. Can I subscribe/subscribe multiple times in one day?
During the trading hours, investors can submit subscription/subscription applications for many times, and the subscription/subscription fees of registrants for investors are calculated separately according to a single trading account.
Guide to fund purchase. Can investors who have reached the age of 16 and have applied for ID cards open an account to purchase funds?
You can't. Investors who have reached the age of 18 and obtained an ID card can open an account and purchase funds.
Guide to fund purchase. When can I handle the fund redemption business?
Subscribed fund shares, after the fund opens daily redemption business, can submit redemption applications through various sales outlets on the fund open day. For the fund shares purchased on T-day, the redemption application can be submitted on T+2 (working day).
Fund purchase guide 10. How is the redemption price calculated?
Redemption adopts the principles of "unknown price" and "share redemption", and the redemption price is calculated according to the net value of fund shares on the day when the effective application is submitted (T day).
Fund purchase guide 1 1. How to determine the redemption rate for one-time redemption of fund shares purchased in installments?
The application time and details of each transaction of the fund holder are recorded in the registration system and the electronic system of the sales organization. Fund redemption is based on the principle of "first in, first out", that is, the fund bought first is redeemed first.
Fund purchase guide 12. What information do I need to provide to report the loss of my password?
If an investor accidentally loses his account inquiry password, he may apply to the relevant fund company for the inquiry password for loss reporting, and submit the following materials:
(1) A signed copy of the investor's valid identity document, with the password application for loss reporting and contact telephone number attached.
(2) A copy of any confirmation letter or statement provided by the fund company to the customer. (If not, the account opening confirmation issued by the counter of the sales organization can be provided)
(3) If the application is faxed to the fund company, it will be accepted on the day of receipt, and the customer will be informed that the initial password has been successfully retrieved.
Fund purchase guide 13. Can I only close my account myself?
The cancellation of the fund account can only be handled by myself.
Fund purchase guide 13. Can date of record subscribe for funds to participate in dividends?
As long as the valid fund holders purchase and confirm before date of record (including that day), they can participate in the dividend, while investors redeemed before date of record (including that day) do not participate in the dividend.
Fund purchase guide 14. What is the principle of subscription and redemption of open-end funds?
(1) the principle of "unknown price", that is, the subscription and redemption prices are calculated based on the net asset value of the fund unit on the application day; (2) The principle of "amount subscription and share redemption", that is, the subscription is applied according to the amount and the redemption is applied according to the share; (3) If the purchase is restricted, the purchase fee shall be calculated by multiplying the rate corresponding to the single purchase application amount by the single confirmed purchase amount; (4) The application for subscription and redemption on the same day can be cancelled before 15:00 on the same day; (5) During the duration of the fund, the highest proportion of fund shares held by a single fund account shall not exceed 65,438+00% of the total fund shares. When the individual holding ratio exceeds 10% of the total fund share due to insufficient subscription during the raising period, redemption during the duration or reinvestment of other investors' dividends, the redemption is not compulsory, but the additional investment is restricted; (6) During the duration of the fund, the fund share subscribed by a single investor plus an open day shall not exceed 65,438+00% of the total fund share of the previous open day, and the excess shall not be confirmed;
Fund purchase guide 15. Do I need to go to the counter in person to apply for redemption of open-end funds?
Can be handled by the agent. The agent shall provide his/her valid identity certificate when handling the purchase and redemption.
Fund purchase guide 16. When can I know the net asset value of the fund unit on the day of the company's open-end fund?
The net asset value of the fund unit on T day shall be calculated after the market closes on that day and announced on T+ 1 day.
Fund purchase guide 17. Under what circumstances do I need to handle the re-custody business?
(1) Investors want to transfer all or part of their fund shares from the trading account of one sales organization to the trading account of another sales organization.
(2) Investors have opened multiple trading accounts in a fund direct selling center and want to transfer money between multiple trading accounts.
Fund purchase guide 18. How to handle the re-hosting business?
(1) Investors should first confirm that the transferee has successfully opened a trading account before handling the re-custody business.
(2) Submit the application for transfer custody at the transferor through the counter, online, telephone and fax.
(3) Re-custody business is confirmed on T+2 (working day), and investors are requested to inquire in time.
Fund purchase guide 19. What is the inquiry password of the fund account?
The fund account inquiry password is the password that customers need to enter when inquiring all the information of their fund account on the website of the relevant fund company or customer service telephone. The default initial password is the last six digits (excluding letters and symbols) of the customer's account opening certificate number. If it is less than six digits, add 0 in front to complete. After opening an account successfully, please ask the customer to make changes through the relevant fund website or customer service phone in time.
Fund purchase guide 20 transaction costs and benefits of open-end funds?
The rate of open-end funds (closed-end funds) shall be determined by the fund manager and announced in the prospectus. Fund management fee refers to the fee charged by fund managers for managing fund assets. Different funds have different fees, which investors should pay attention to.
According to the contents of some fund prospectuses, when fund managers achieve good performance, they also have a certain proportion of management fees to extract performance rewards. Some of these expenses are accrued by the fund and some are not. For investors of open-end funds, their income can only be reflected in two aspects. One is the fund dividend, and the other is the net growth, that is, the net growth after deducting the purchase and redemption expenses. Compared with closed-end funds, the transaction cost of open-end funds is quite high. According to the funds that have been issued and established at present, the total cost of one-time subscription and redemption of general open-end funds is about 2% (the transaction commission of closed-end funds is about 0.25%, and the return fee is about 0.5%), which is almost equivalent to the interest income of one-year bank time deposits. High expenses "erode" dividends. Therefore, when investing in open-end funds, we should be psychologically prepared for long-term investment. This high cost cannot be ignored. Of course, the cost also depends on the return. Open-end funds will make fund managers more transparent and binding, so fund managers will also provide more services for investors. Especially from the perspective of new services, under the condition of open-end funds in the future, fund managers and consignment banks will increase a lot of expenses. The fund manager is doing well and his income is still very rich.
Financial information comes from cooperative media and institutions, and is the author's personal opinion, which is for investors' reference only and does not constitute investment advice. Investors operate accordingly, at their own risk!