On-site funds refer to the funds traded on the exchange, while off-site funds are accidentally traded on the exchange, which can be judged from the following aspects:
On-site funds: etf funds, trading in a way similar to stocks. You need to open a stock account to buy it, otherwise you can't buy it. After the on-site fund is subscribed, it can be sold on t+ 1 day and withdrawn on t+2 day.
OTC funds: mainly refer to funds that can be purchased through WeChat, Alipay, securities companies, banks and other channels. OTC funds generally have only one price, which is the unit net value. The general fund website will be published around 9: 00 every night. After purchasing the fund, you need the confirmation of the fund company to purchase it; It usually takes 2-3 working days for the funds to arrive after the sale.
What do you mean inside and outside the fund? After understanding, which fund should I buy?
First of all, let's understand the difference between on-site funds and off-site funds:
1, different trading mechanisms
OTC funds are bought and sold through third-party platforms, while OTC funds are similar to buying and selling stocks, trading with other investors in the market, and buying funds is sold by other investors.
2. Different purchase channels
OTC funds need to be purchased through a third-party platform, and registered accounts can be purchased directly; On-site funds can only be bought and sold through securities trading software, and a securities account needs to be opened.
3. Different interest rates
When buying fixed-term funds, the rates of different third-party platforms are different, so choosing a lower trading platform can save a lot of handling fees; The cost of on-site funds mainly depends on the commission of the securities company that opens the securities account.
Different rates will lead to different amounts of funds and different investment types. If the amount of funds is large, the cost of choosing on-site funds is relatively low. If the amount of funds is not large, investing in OTC funds is also a good choice.
4. Different investment thresholds
The investment threshold of OTC funds is very low, even many of them start from one yuan; On-market funds are similar to stocks, and the number of transactions is at least 1 lot, that is, 100 funds, so the investment threshold is relatively high.
5. Different types of choices
OTC funds According to relevant statistics, most of the more than 4,000 cemetery funds are OTC funds, and most of the OTC funds are invested in actively managed funds, so there is a large choice.
The number and types of funds on the market are small, and they can only be purchased through the stock exchange, so the choice space is relatively small.
6. Different transaction difficulties
Generally speaking, the transaction process of OTC funds is relatively simple. After binding the bank card, you can buy the fund, which is more convenient for the fund to vote. After the date is set, it can be deducted automatically.
The funds in the venue are relatively complicated and need to be traded through securities accounts. Moreover, the fixed investment of the selected fund cannot be deducted automatically, and it needs to be deducted manually every month.
In addition to the above differences, their liquidity is also different. The liquidity of OTC funds is relatively poor, and the arrival time is slow, so it needs to wait slowly; However, the liquidity of funds in the venue is relatively good, and the arrival time is faster.
Therefore, when choosing on-site funds and off-site funds, we need to choose according to the actual situation. If the amount of funds is small and you like a relatively simple trading process, you can choose an OTC fund; If the amount of funds is large and index funds are favored, you can choose on-site funds.
The above is an introduction to the internal and external meanings of the fund. Investors can choose the type that suits them according to their own preferences and needs.