The time source of 3 o'clock (3 pm) is because the closing time of major stock exchanges is 3 o'clock every day, so the off-exchange funds are divided by 3 pm every trading day. The purchase or redemption or conversion before 3 o'clock shall be settled according to the net value of the day, and the transactions after 3 o'clock shall be settled according to the net value of the next trading day.
This is also caused by the transaction difference between OTC and OTC funds. If the transaction is conducted with a stock account, what is seen on the book is actually operational. However, if it is an OTC fund, it is recommended to look at the stocks held by the fund before trading, and then consider whether to trade.
Moreover, before 3 o'clock, the fund traded over the counter, and if you regret it, you can withdraw it; However, if the transaction is made after three o'clock, the order can be cancelled after three o'clock, and if the transaction is made before three o'clock, the order cannot be cancelled after three o'clock.
When trading, the platform will remind you of the purchase date of the net transaction value and will tell you the general procedures.
Extended data:
What you need to pay attention to when buying a fund is not to put all your money in one type, for example, not to put all your money in one stock type, which is relatively risky. In addition, don't put it in the same fund, such as buying a fund that holds liquor or real estate.
This means that when the fund falls sharply, it is usually only about 2% or more, so you can add positions, because the probability of rising after the fall is relatively high. At this time, adding positions or heavy positions will have better returns.
References:
Baidu encyclopedia-buy funds