Difference 1: trading places.
On-site funds generally refer to funds that need to open an account when trading in a trading place, while off-site funds can be purchased directly without opening an account. For example, you can buy third-party fund sales platforms such as banks, brokers, Alipay, WeChat and Tian Tian Fund Network.
Therefore, the trading threshold of OTC funds is low, and a stock account must be opened in the market, which is slightly higher.
Difference 2: transaction rate and price
On-market funds can be purchased and redeemed (this is the same as off-market funds), or they can be bought and sold directly (like stocks). In terms of transaction prices, they are published prices that change in real time. However, different subscription amounts of OTC funds have different rates, and different channels will also have different rate discounts, which is a fixed price from the transaction price.
Generally speaking, the handling fee for on-site direct transactions will be ten times cheaper than that for off-site.
Difference 3: threshold
The threshold of on-site funds is generally higher than that of off-site funds, which needs to be started from one hand, usually starting from 100 yuan. The threshold for off-exchange funds is relatively low. For example, Alipay Fund can be purchased as long as 10 yuan, and Tian Tian Fund can be purchased at 1 yuan.
Whether to buy an OTC fund or an OTC fund depends on the needs of investors. Every investor has different needs and different ways to adapt to them. Some people think that on-site funds are good because of low handling fees, while others think that off-site funds can be discounted. There is no absolute answer.
I hope the above content can help everyone ~