Whether you can withdraw from the purchased fund at any time depends on the type of fund purchased. Funds can be divided into open-end funds and closed-end funds according to their trading methods. After a closed-end fund is raised, it cannot be subscribed or redeemed. Open-end funds can be subscribed or redeemed at any time. Most of the funds on the market today are open-end funds, which can be subscribed or redeemed at any time.
Fund redemption is for open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the fund's investment in their own name, and remit the purchase money to the investment. within the user’s account. What people usually call funds mainly refers to securities investment funds.
Extended information:
The subscription and redemption of the fund shall begin no more than 3 months after the "Fund Contract" takes effect. The fund manager shall start processing the subscription and redemption. An announcement shall be made on at least one designated media and the fund manager’s Internet website (hereinafter referred to as the “website”) 2 days before the specific date of return. Fund redemptions generally take two working days to be confirmed by the system and then cleared. Fund subscription and redemption must be confirmed by the T2-day system before the redemption can be said to be successful.
The general open-end fund redemption process is: T day has not been reported, T 1 has been reported, T 2 has been completed. Fund subscription and redemption must be confirmed by the T2-day system before the redemption can be said to be successful. It is normal for the order to be unquoted on the day of the order (T day). Even if the order is placed around 2:50, as long as there is a record in the entrustment query, it will generally become unquoted on the second trading day (T 1 day). After reporting, the third trading day (T2 day) becomes completed. Then it goes through liquidation. Therefore, it usually takes about 4 working days for open-end funds to arrive. Other overseas funds generally within 10 days.
Baidu Encyclopedia-Fund Redemption