What time is the fund purchased? What is the impact of the fund’s purchase time and share confirmation time on the share?
1. The subscription time of the fund
1. Buy in the bank, which is the time of stock market trading.
2. If you use online banking, you can subscribe at a time other than the above time, but it is actually an appointment subscription, and it will still be closed and confirmed until the nearest market opening time thereafter.
2. When can the fund be sold?
You can sell funds at the counter from 9:30 to 15:00, and you can sell funds at any time in online banking;
The fund is an “unknown price” trading principle, the fund redeemed before 15:00 on the trading day will be calculated at the closing price after 15:00, and the fund redeemed after 15:00 will be calculated at the closing price of the next day, and if it is a holiday and Sunday weekend, it will be postponed to the next working day;
The net value that fluctuates at any time is the intraday valuation, which can be used as a reference for fund redemption, and if the valuation exceeds the profit value after 14:30, it can be redeemed in time, otherwise the redemption will be abandoned; It is best to open online banking business and watch the online self-service redemption of funds before 15:00.
The redemption of open-end funds adopts the unknown price method, i.e. the trading price of the units is based on the net asset value of the unit fund that is not known at the time of redemption (but can be calculated after the market closes on the same day and announced on the next trading day).
- Redemption Fee = Net asset value of the fund unit on the redemption date×Redemption share× redemption rate
- Redemption Amount = Net Asset Value of Units ×Redemption Share on Redemption Date – Redemption Fee
- Redemption fee and redemption amount are rounded to two decimal places.
Example 1: An investor redeems 9,677.41 units of an open-end fund with a redemption fee of 0.5%, assuming that the net asset value of the fund units on the day of redemption is 1.1168 yuan, the redemption amount it can get is:
- Redemption fee = 1.0168×9,677.41×0.5% = 54.04 yuan
- Redemption amount = 1.0168×9,677.41–54.04 = 10,753.69 yuan
That is, if an investor redeems 9,677.41 units of an open-end fund, assuming that the net asset value of the fund units on the day of redemption is 1.1168 yuan, the redemption amount it can get is 10,753.69 yuan.
3. Open-end fund subscription time
The buying and selling of open-end funds is called subscription (subscription) and redemption.
Subscribe to the newly issued open-end fund, and the fund share can be officially confirmed after the fund is established.
1. Subscribe to open open-end funds, and the fund shares on T+2 will be officially confirmed;
2. After redeeming the open-end fund, the time for the funds to arrive is generally T+5.
4. Bank of China online fund subscription
The time for Bank of China online fund subscription is: 9:30-11:30 in the morning and 13:00-15:00 in the afternoon.
Whether it is an open-end fund or a closed-end fund, this is the time. It is carried out according to the time when the stock is traded.
Going to the bank counter is another situation, you can entrust the staff, not during trading hours, as long as the staff allows it, you can subscribe. However, the net value calculation should also be based on this time, and the subscription at the counter cannot exceed three o’clock in the afternoon of the same day. Otherwise, it will be calculated as the next day’s equity.
You can go to the website of the fund you want to buy and subscribe directly, so there is no time limit, and you can subscribe at any time. However, it should be calculated based on the net value of the next day.
And the subscription fee is cheap, only 0.6%.
5. What is the impact of the fund’s purchase time and share confirmation time on the share
The share is calculated based on the net value published online on Friday night (because you bought the fund before the close of trading on Friday (3 o’clock)). On Tuesday, it was announced that the net value of your fund was 1.2 yuan.
Of course, in addition to the subscription fee, the fund bought at the bank counter will be charged 1.5%, and the fund bought on the home computer will be charged 1.2%; If you buy it on the “Tiantian Fund Network”, you will only charge 0.6%.
6. On the issue of fund recognition share
Because fund transactions are all unknown price transactions, that is, you don’t know what the transaction price is when you buy or sell, because the transaction price is calculated based on the net value after the close of the day. So the fund is an amount subscription share redemption, that is, how much money you buy when you buy, for example, yours is 600 yuan (excluding handling fees), then if the net value is one piece after the close of the day, then you can buy 600 shares, if the net value is 1.2, you only have 500 shares, so your assets should be the share multiplied by the net value of each share.
7. Whether the fund subscription is based on the price at the time of purchase or the price after confirming the share
1. Fund subscription is based on the price at the time of purchase.
2. Fund subscription refers to the act of investors opening a fund account with a fund management company or selected fund agency and applying for the purchase of fund shares in accordance with the prescribed procedures. The number of fund shares subscribed for is calculated based on the net asset value of the fund shares on the subscription date, and the specific calculation method must comply with the requirements of the relevant regulatory authorities and be specified in the fund offering documents.
Open-end fund net value update time
Open fund update follow-up follow-up:
18:30 does not seem to have been updated, the following is the update time on the Internet:
The update time of the fund’s net value is usually between 18:00 on the trading day and 6:00 on the next day. According to the long-term update time of the fund company, the net value of the fund is generally announced at about 22:00 on the same day, and it can be seen the next morning. Net Fund Value After the end of the fund trading day, the fund company will announce the net value of the fund at about 10 p.m.
- The net value of ETF funds is updated at any time;
- LOF funds are updated daily;
- The general open fund is once a day (usually after 18 p.m.);
- The closed fund is updated once a week, and the redemption timing of the fund will not be Jingxiang adopts the principle of unknown price, that is, you do not know the exact value of the net value of the fund when you redeem it, but you can have a rough estimate according to the fund’s position.