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Can the fund be purchased at any time and redeemed at any time?

The subscription and redemption of the fund will begin no more than 3 months after the "Fund Contract" takes effect. The fund manager shall process the subscription and redemption at least 2 days before the specific date of starting the subscription and redemption. Announcements on designated media and the Internet website of the fund manager (hereinafter referred to as the "website").

Fund redemption generally takes two working days to be confirmed by the system and then liquidated. Fund subscription and redemption must be confirmed by the system on T+2 before the redemption can be said to be successful.

The general open-end fund redemption process is:

Unreported on T day, reported on T+1, completed on T+2. Fund subscription and redemption must be confirmed by the system on T+2 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 found in the entrustment query, generally speaking, it will change to the second trading day (T+1 day). Reported, it becomes completed on the third trading day (T+2).

It will then be liquidated. Therefore, it usually takes about 4 working days for open-end funds to arrive. Other overseas funds generally within 10 days.

Extended information:

According to different standards, securities investment funds can be divided into different categories:

(1) According to whether the fund units can be added or redeemed Back, can be divided into open-end funds and closed-end funds. Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass Fund units are bought and sold in the secondary market.

(2) According to different organizational forms, they can be divided into corporate funds and contract funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund. my country's securities investment funds are all contract funds.

(3) According to different investment risks and returns, they can be divided into growth, income and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds, futures funds, etc.

Baidu Encyclopedia-Fund Redemption