On-site funds are purchased on the stock exchange through stock accounts, and the subscription rate is lower, which is the same as that of stock trading, except that stamp duty is not charged for fund trading, so its cost is about 0. 3%, its trading can only be in the opening hours of the stock market, that is, Monday to Friday at 9 am. 30 to 1 1. 30; Afternoon 1. 00 to 3 o'clock. 00: 00. Its price is real-time, and you can only buy it if someone sells it. Its transaction price is known, but it should be noted that there is only one way of fund dividend in the market, namely cash dividend. On-site funds are generally called buying and selling. Moreover, only some funds listed on the exchange can be traded on the floor. Such as ETF50, LOF fund and closed-end fund. Funds between the same fund company cannot be converted.

The transaction of OTC funds is generally called subscription and redemption, and its rates range from 1% to 2%, some of which may be lower and some may be higher. See the website of the fund company for details. The subscription and redemption of OTC funds adopt the principle of unknown price, that is, when you buy or sell, you don't know the specific transaction price of the fund. Generally speaking, if you are in the afternoon, 3. 00, the transaction price is the net value of the fund on that day, and after this time, the transaction price is the net value of the fund on the next day. There are two ways to pay dividends for OTC funds: one is cash, and the other is dividend reinvestment (if it is held for a long time, this way can make investors get more investment income, which is equivalent to compound interest).

Eligible funds between the same fund company can be converted. Different fund companies have different rules and can search online.