What's the difference between whether the fund is listed on the exchange?

Usually, the funds listed on the exchange are mainly ETF funds, LOF funds, leveraged closed-end funds and closed-end funds. At present, there are more than 80 varieties, which are bought and sold through securities accounts. Other funds subscribed by banks and fund companies belong to OTC funds. For exchange traded funds, at least 65,438+000 shares should be purchased. For example, the current closing price of Harvest 300 is 0.857. It is enough for 90 yuan to buy 100 shares, and the cost is only 0.3%. However, the off-site subscription fee of this fund is 1.5%, and the redemption fee is 0.5%, which is not cost-effective. You can compare it. At present, the cheapest way to buy and sell open-end funds is mainly floor trading: securities companies can buy and sell open-end funds, index funds, closed-end funds, LOF funds, stocks, warrants and bonds. There are more than 540 open-end funds. Bank subscription: it is the worst way to buy and sell funds: front-end fee 1.5%, redemption fee 0.5%, and back-end fee about 2%. However, if it is held for less than half a year, the redemption fee is charged year by year. Generally, there is no redemption fee for holding for more than three years. Each bank can probably buy 100 kinds of funds, and the money will arrive in 4-7 days, which takes a long time. Maybe the market has changed and you want to reapply, but the money hasn't arrived yet. This is the worst way to buy and sell funds. Two. Go directly to the fund company to purchase from the Internet: 1.5% of the subscription fee can be discounted by 60%, and the redemption fee is 0.5%. Each fund company can buy its own fund and register several fund companies online. When opening an online bank, it takes 4-7 days for the money to arrive at the account when it is redeemed, which takes a long time. Maybe the market has changed and you want to reapply, but the money hasn't arrived yet. It is troublesome to open online banking and register a number of fund companies online, which is a poor way to buy and sell funds. Three. Open a securities account and apply online at home without going to the bank. Buying a fund in a securities company: the subscription fee is 0.3% and the redemption fee is 0.3%. Open-end funds, such as South China's active allocation and South China's high-growth small-cap funds, can also buy index funds, that is, eight ETF funds, such as E Fund 100 ETF Huaxia SSE 50 and AIA Dividend ETF. The advantage is that the cost is low, and the handling fee for buying and selling funds in securities companies is 0.3%, and stamp duty is not charged.