The difference between "on-site" and "off-site" is that it is to buy and sell funds listed on the exchange. On-site funds must be purchased through stock accounts, and off-site funds can be purchased through consignment channels or fund companies.
Whether it is an on-site fund or an off-site fund, the closing time is actually 15:00. This is because the underlying assets of the fund generally belong to the securities trading market, so it is natural to consider the trading time of the stock market when choosing the time.
Off-exchange fund means that there is only one net value per day as the price for subscription and redemption. Closed-end funds and LOF ETF are all floor-trading funds.
Ordinary open-end funds belong to OTC funds, that is, only one net value is used as the purchase and redemption price every day. And liquidation, LOF ETF, these funds are all floor-trading funds, and her price, like stocks, is changing at any time. Off-exchange market is understood as the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels.
On the floor is the stock market, also known as the secondary market. Off-exchange market is understood as the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels.
Closed-end funds and ETF funds can only be purchased in the market (for large investors, ETFs can be purchased in the "primary" market), that is, they can only be purchased in the stock market. Other open-end funds can be purchased off-site, which is a well-known way, in which LOF funds can be purchased on-site.
When a securities company opens a Shanghai and Shenzhen shareholder account, it can conduct on-the-spot transactions between the listed open-end fund LOF and ETF funds in the business department or website of the securities company (if you have bought stocks or closed-end funds before, you don't need to re-open the existing account, you can use the original account).
The floor trading price is real-time, that is, the price you bought at that time is the same as the price of stock trading.
Just like off-site subscription, on-site subscription (subscription) can also get dividends, but there is one difference. The fund dividends purchased on the market can only be cash dividends, and cannot be reinvested. Those purchased off-site can be reinvested. Funds that can be redeemed and purchased on the spot can also be redeemed on the spot. The redemption price is the net value announced by the company on the day after the market closes. Buying (stock method) is different from buying (fund method), and selling is different from redemption.