Different term: the term of closed-end funds is fixed, generally 10- 15 years. However, open-end funds have no fixed term, and investors can trade with fund sponsors or banks and other intermediaries at any time. Different issuance scales: closed-end funds have a fixed issuance scale, while open-end funds have no restrictions on the issuance scale. Through subscription, subscription and redemption, the fund scale is changing at any time.

Different trading methods: closed-end funds can only be traded in the form of stock exchange and transfer. Open-end funds are traded through banks or consignment outlets in the form of subscription and redemption.

The determinants of transaction price are different: the transaction price of closed-end funds is greatly influenced by market supply and demand, and does not depend entirely on the fund's net asset value. The price of open-end funds is strictly determined by the net value of fund shares.

Closed-end funds can't make fixed investment because it is a fund variety traded on the exchange.

Only open-end funds can choose fixed investment.

Fixed investment is different from one-time buying investment. Fixed investment funds are fixed investments every month. Because the net value of the fund bought each time is different, the fund share bought is less and the fund share bought is more. In the long run, it can effectively disperse the investment cost and reduce the investment risk, so as to achieve the purpose of obtaining the average market income.