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Precautions for Exchange Fund Trading

On –market fund purchase steps: Search for the on-market fund code in the app , place an order, fill in the purchase price, and wait for the transaction.

Exchange funds have the same rules as stocks. When trading in the stock market, you need to open a stock account in the brokerage app before buying. The minimum trading unit is one hand, with at least 100 trades per transaction, and the price limit system is 10%.

Since the prices of different funds are different, if each fund is 1 yuan, you need at least 100 yuan to buy it.

The purchase price is the transaction price formed by multiple investors buying and selling with each other. In addition to the value of the fund itself ( net worth ), it also depends on the needs of buyers and sellers

For example, a fund may have hot pit trading, many buyers, and may be trading above its net value (premium). It may be lower than the net value (discount), and the specific price is subject to the transaction price.

The floor trading fee is related to the trading commission of each securities company. The commissions of different securities companies may vary. At present, it is generally around 3 in 10,000.

Although there is a difference, if the amount of funds is small, the difference is not large.

If you prepare a 1,000 yuan investment fund, the over-the-counter transaction fee may be 1,000 × 0.12% = 1.2 yuan;

The on-site transaction fee is about 0.3 yuan, the difference is only a few cents, this difference is not big.

There are two trading hours: T+0 and T+1

How to tell which transaction method you are buying?

If the constituent stocks of the fund are A-share stocks, it is T+1. ETFs composed of A-share stocks such as 50 ETFs and ChiNext ETFs are T+1, and they can only be sold on the second trading day after buying on the same day.

US stocks and Hong Kong stocks are T+0 transactions, so a fund composed of pure US stocks and Hong Kong stocks is T+0, which can be bought on the same day or sold on the same day.

T+0 on-market funds include cross-border ETFs, bond ETFs, currency fund ETFs, gold ETFs, DQII funds, etc.