OTC funds are simply funds bought in the primary market-directly from fund companies (the major platforms are only sales agents). After the fund company issues funds, we can buy/sell from the fund company.

On-site funds are bought from other investors in the stock exchange (in most cases), which can be understood as buying and selling from the second-hand market.

2. The transaction rate is different.

OTC funds are purchased through a third-party financial platform, and the general subscription fee is 10% (generally 0. 15%), and the redemption fee is determined according to the holding time. The shorter the holding time, the higher the redemption rate.

3. The transaction price is different.

The trading price of OTC funds is a fixed price, which closes at 3 o'clock on the trading day.

The trading price of on-site funds is the published price that changes in real time, just like stocks. At that time, many people bought it and it was expensive, and vice versa. For example, the valuation of technology funds often runs up and down by three points. You may buy a very cheap stock that day, or you may buy the wrong stock that is higher than the closing price of that day.

4, the purchase threshold is different

The minimum investment of OTC funds is RMB 65,438+00 (part of the minimum investment is RMB 65,438+000).

On-site funds have a high threshold and need to start.

5. The arrival time of buying confirmation and selling is different.

OTC funds generally confirm their shares at T+ 1/2 after subscription (domestic T+ 1, foreign T+2), and the time for selling funds is generally 2 to 7 working days (sometimes it takes more than half a month to get the account when selling foreign funds in case of a series of holidays at home and abroad).

On-site fund subscription is a real-time subscription, which is generally sold at T+ 1 (some funds can be bought and sold in real time on the same day, which is amazing, such as Hang Seng ETF). If the funds are sold successfully, they will arrive at the account immediately (it is mentioned that the bank card needs to wait for the next day).

6. Dividends are distributed in different ways.

OTC funds can be divided into cash dividends and dividend reinvestment.

On-site funds only pay dividends in cash.