When conducting fund transactions, funds are divided into on-market funds and over-the-counter funds. Most of what we usually see are OTC funds. OTC funds refer to funds that are traded in markets other than stock exchanges. OTC fund transactions are generally available at banks or third-party platforms. So when buying OTC funds, is the buying price calculated based on that day? Let’s find out together.

Is the buying price of OTC funds based on that day?

It depends on whether the buying time is before 15:00 pm on the trading day. If it is bought before 15:00 pm on the trading day, The purchase is based on the price of the day; if the purchase is made after 15:00 on the trading day, the price of the next trading day will be used. If the purchase is made on the weekend, you will have to wait until the next Monday to declare it. OTC funds have only one net value a day, and they are only announced at night. Therefore, the price purchased by OTC funds before 15:00 is the net value announced that night, and the price purchased after 15:00 is the net value announced in the evening of the next trading day. .

In fact, the so-called fund price refers to the net value of the fund. When investors buy a fund, they determine the amount they want to invest, and then it will be converted into the fund held by the investor based on the net unit value of the fund. share.

The trading hours of funds are the same as those of stocks, from 9:30 to 11:30 in the morning from Monday to Friday, and from 1 to 3 in the afternoon. Except for currency funds (whose face value is always 1 yuan), other fund subscriptions/redemptions are traded based on the unknown price principle. When you subscribe to a fund online after the market closes, it is just a subscription amount. After deducting the subscription fee, the fund shares are calculated and confirmed based on the net value of the fund after the market closes on the next trading day.