What are the trading rules of mutual funds? What is the difference between buying and selling a fund portfolio and a single fund?

Now there are more and more products in the fund financing market. All major fund consignment platforms have introduced the investment concept of combined funds, such as Tian Tian Fund, Alipay Wealth Management and Egg Roll Fund. It is said that mutual funds may be a little strange to everyone. For example, if you open the fund portfolio function of the omelet fund software, you can see three types of wealth management plates, which are divided into small change savings wealth management, steady wealth management and positive value-added wealth management according to the different risks and benefits. All three sectors have corresponding products, such as the financial product "I want steady happiness" with steady financial management. In fact, this is a fund portfolio. Fund managers (similar to fund managers) choose a basket of funds according to product positioning and strategy to form a product and name it.

Alipay's wealth management page is also set up in a similar way, which is divided into three sections according to the different risks and benefits: steady wealth management, steady progress and higher returns. Each sector has different wealth management products and different fund portfolio products.

The fund portfolio is a basket of funds, so what is the difference between the transaction of the fund portfolio and the transaction of a single fund? What are its trading rules?

Purchase rules

When buying a fund portfolio, the allocation ratio of each fund is fixed, and investors cannot adjust their positions independently. If they buy before each trading day 15:: 3, their shares will be confirmed according to the net value of each fund in the portfolio on that trading day, and then according to the net value of the next trading day.

The handling fee of the portfolio fund is the sum of the purchase fees of each fund, and the portfolio will not charge additional handling fees. If a fund in the portfolio suspends subscription on the day of subscription, it cannot be purchased.

Sales rules

The fund portfolio can be sold on the next trading day after the subscription confirmation. The selling rules of this fund are the same. At least T+2 can apply for selling. When selling, you can decide to sell all or part of it, or you can decide to sell a fund or part of it. However, it should be noted that if you only sell one fund, the position and configuration of the portfolio will change. After the fund is sold, the arrival time of funds will be synchronized with the last fund in the portfolio.

In terms of fees, the charging rules are the same as those for purchasing a portfolio, and the sum of the selling fees of each fund is charged.

Position adjustment rule

Portfolio funds will inevitably face position adjustment, but investors can decide whether to follow the fund manager's strategy and choose to adjust or not. In the process of position adjustment, the portfolio cannot be sold, and the position adjustment of the fund portfolio is generally completed through fund conversion, that is, the held fund is replaced by another fund of the same fund company.

Dividend rules

The fund portfolio will not set a fixed dividend cycle, dividend ratio, dividend share, etc. Its dividend consists of the dividends of each fund in the portfolio, and the dividend method is the default dividend method set by each fund company in the portfolio, usually cash dividend.

The above are the trading rules of mutual funds. Do you understand everything?