Therefore, in the fund sales platform, such as Alipay, for example, every day, such as egg rolls, you buy funds directly from the fund company, which belongs to the OTC fund.
On-site fund refers to the securities exchange place, and brokers provide us with a way to trade on the stock exchange. On-site funds are like buying stocks. Most cases come from investors such as you, me and others who buy TA transfer funds instead of buying and selling directly from fund companies.
This is similar to buying and selling funds from the second-hand market. This kind of transaction should be carried out in the stock exchange, so it is also called the on-site fund, which can only be bought in the brokerage software.
The above is the difference between on-site and off-site funds in terms of trading objects and trading platforms.
They also disagree that the net update time is different. The net value of OTC funds is updated every day, generally around 2 1.m, so the net value seen before 3 o'clock today is the previous trading day.
The net value and share price of funds in the market are the same, and every second is different. They all change in real time.
According to different standards, securities investment funds can be divided into different types:
(1) According to whether the unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (depending on the situation), but bought and redeemed through banks, brokers and fund companies, and the fund scale is not fixed.
(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.
(3) According to different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.
(4) According to different investors, it can be divided into four categories: money fund, bond fund, mixed fund and stock fund.