Why are there time regulations for buying and selling funds_Restrictions on Fund Operations What are the time rules for buying and selling funds? What are the rules we need to abide by? What are the points that need to be carefully paid attention to? Things that new fund managers must know!
The following is why the editor has compiled why there are time regulations for buying and selling funds. I hope it can help you.
Why there are time regulations for buying and selling funds? The reason why there are time regulations for buying and selling funds is based on the needs of market operations and the arrangement of the transaction process.
The following are some common timing regulations: Trading Days: Fund transactions are usually conducted on trading days, which refers to the working days during which the securities market operates normally.
Subscription and redemption time: Fund companies usually stipulate the subscription and redemption time, that is, the time range within which investors can subscribe and redeem funds.
The purpose of time regulations is to ensure the orderly conduct of transactions and facilitate fund companies to perform corresponding operations and calculate the net value of the fund.
In addition, time regulations can also prevent investors from blindly pursuing short-term gains and encourage long-term investment and stable holdings.
What are the restrictions on fund operations? Investment scope restrictions: Funds may have specific investment scope and investment strategies, such as only investing in specific industries, regions or types of assets.
These restrictions are designed to control the fund's risk and ensure that the fund manager operates in accordance with the stated investment strategy.
Leverage and capital pool management: Some funds may use leverage operations to increase investment returns, but this also increases risk.
In order to control risks, funds may set leverage ratio limits and formulate capital pool management rules.
Reporting and disclosure requirements: Fund management companies are required to regularly report fund operations, investment portfolio changes, etc. to investors in accordance with the regulations of regulatory agencies, and disclose important information.
Fee limitations: Funds charge management fees, custody fees and other fees, but these fees are usually restricted by laws or regulatory agencies and must not be excessive or unreasonable.
Fund buying and selling time rules Fund trading hours: Monday to Friday 9:30-11:30 am, 13:00-15:00 pm.
Saturdays, Sundays and national statutory holidays are non-trading days for funds. There is no trading and no income will be generated on non-trading days, except for currency funds.
Relevant regulations on fund trading time: If you buy before 3 pm on the 1st trading day, the net value of that day will be used; if you buy after 3 pm on the trading day, the net value of the next trading day (T+1) will be used.
If you purchase or redeem funds before 3 p.m. on the 2nd trading day, the transactions on that day will be counted, confirmed on the next trading day (T+1), and the profit and loss will be checked on the next trading day (T+2).
Purchases or redemptions of funds after 3 p.m. on 3 trading days will be counted as transactions on the next trading day (T+1), and will be confirmed on the next trading day (T+2), and on the next trading day (T+3)
) to view profit and loss.
Funds are not traded on weekends. Although you can trade 24/7 when buying funds online, it is only an appointment, and you have to wait until the nearest trading time before the transaction can be completed and confirmed.
Is there a time limit for fund trading? Fund trading can be done at any time, as long as it is a working day, there is no limit.
However, the calculation of the net value is different. If the transaction is before 15:00 on the same day, it will be calculated according to the net value of that day. If it is after 15:00, it will be calculated according to the net value of the next day. The rest day will be postponed to Monday.
In addition, try not to trade during the period between 14:30-15:00, because the network is relatively congested at this time, and the transaction may not be completed, causing unnecessary losses.
When does fund buying and selling start? Fund buying and selling need to follow certain trading rules.
Fund purchases and sales are calculated based on shares, and there will be a minimum purchase amount, usually 100 yuan.
If the net value of the fund is 2 yuan at this time, buying 100 yuan means buying 50 fund shares.
Many funds start with a fixed investment amount of 10 yuan.
If the purchase of the fund is submitted on T day, the share will be confirmed on T + 1 day.
You can see the profit and loss situation when the net value is updated in the evening of T+1. The fund has only one net value every day.
Therefore, as long as you submit it before 3 pm that day, your purchase price will be calculated based on the price after the net value is updated that evening.
If submitted after 3 o'clock, the net value calculation will be postponed to the next trading day.
The sale of the fund is also submitted on T day, and the share is confirmed on T + 1 day. However, the time for the fund to be credited to the bank card will vary according to different transaction channels. For example, the Tiantian fund will be credited to the bank card on T + 4 days.
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The redemption time of monetary funds will be faster, and it will usually be credited to the bank card on T+1.