With the enhancement of people's investment awareness, many people are investing in funds now. For investors, the fund closed period must know what it means, so let's find out if the fund can still be bought during the closed period.

Can the fund still be bought during the closed period?

Whether you can buy a fund in a closed period depends on the type of fund:

1. You can't buy new OTC funds during the closed period. During the closed period, the fund company does not accept investors' requests for subscription and redemption. After opening, you can only purchase or redeem the fund. Usually, the new fund is closed for three months and can only be bought after three months.

2. Off-exchange closed-end funds can't be bought during the closed period. For example, strategic placement funds can't be bought during the closed period, and they can't be bought during the period after the establishment of such funds until the contract expires.

3. Closed-end funds on the floor can be bought, such as Penghua Qianhai Closed-end Fund, which can be traded on the floor. As long as the entrusted price is reasonable within the trading time, the order will be closed.

What do you mean the fund is closed?

Closed period means that investors cannot purchase and redeem funds during this closed period. For example, after the launch of a new fund, there is usually a three-month closure period. During this period, changes in investors' accounts are affected by the rise and fall of funds, but fund companies do not accept investors' subscription and redemption.

The closure period of the fund is clearly stated in the prospectus. According to the Measures for the Administration of Securities Investment Funds, the closed period of open-end funds shall not exceed three months, and the closed period of closed-end funds shall not exceed five years.

In addition, some semi-open funds also have closed periods. For example, some funds are only open one day a week; Some funds are open on the last five trading days of each month. On non-open days, investors still cannot purchase and redeem. Only at the opening can investors increase or decrease their positions.