First, open-end funds.
The closed period of open-end funds generally ranges from 1 month to 3 months. According to relevant regulations, the closed period of open-end funds cannot exceed three months. The specific closure period of different funds can be found on the website of the corresponding fund company. During the closed period, investors' money cannot be withdrawn, which is equivalent to being frozen in this fund. Therefore, when investing in new funds, we must make corresponding capital planning.
Second, closed-end funds
Closed-end funds refer to funds whose total issuance amount and issuance period have been determined at the time of establishment. Closed-end funds have a fixed closed-end period, usually more than five years, so you must think carefully about buying such funds. However, there are relatively few types of closed-end funds, and such funds are basically not issued now.
Although the subscription price of new funds is very low, generally only one yuan is needed, it is not recommended that you subscribe too many new funds, because the follow-up income of these new funds is very uncertain. Before investing in a new fund, you must do a good job in market research and consider reinvesting clearly.