Alipay funds are basically converted before 3 pm on the trading day, and the income on the day of conversion is calculated according to the net value of funds after conversion. Alipay fund is converted after 3 pm on the trading day, and the income on the day of conversion is calculated according to the net value of the fund before conversion. Fund conversion refers to mutual conversion between funds managed by the same fund company, which has the advantages of cheap handling fee and time saving.
Matters needing attention of Alipay Fund
According to the trading place, funds can be divided into on-site funds and off-site funds. "Market" usually refers to the exchange, and the fund transactions conducted on the stock exchange belong to the on-site fund; Fund transactions outside the stock exchange naturally belong to over-the-counter transactions, and funds purchased through Alipay belong to over-the-counter funds.
Alipay is a third-party trading platform, which means Alipay is only a middleman, so there will be some fees in the middle. Compared with OTC funds, OTC funds have higher subscription and redemption rates. If you choose to buy a fund in Alipay, the first step will be lost to other investors. Therefore, the fund investment proposal is to conduct on-site transactions through securities accounts, without giving middlemen the opportunity to earn the difference.
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