You can redeem your wealth management on Saturday and Sunday. Open-end funds generally have no limit on redemption time, but the redemption confirmation date and redemption time in transit do not include Saturday and Sunday. Simply put, according to the redemption standard stipulated by the fund, the redemption application can be submitted on Saturday and Sunday. Therefore, if investors are in a hurry to use money, it is best to avoid weekends and legal holidays when redeeming funds.
Financial products are products designed and issued by commercial banks and formal financial institutions themselves. The raised funds are put into the relevant financial markets according to the product contracts, and the relevant financial products are purchased, and the investment income is distributed to investors according to the contract.
: Can the fund financing holiday be redeemed?
No, wealth management products cannot be redeemed after the expiration of the fund wealth management holiday, but they can only be redeemed on working days, but they can apply for early redemption, and their application forms will be submitted on the trading day after the holiday. It should be noted that the calculation method of holiday income is different for different fund types. For stock funds, there is no income on weekends and holidays, because 80% of their investment targets are stocks, and stocks are closed for trading on weekends or holidays, so their corresponding stock funds have no income on weekends and holidays.
Money funds, the main investment targets are some deposits and the like. Whether it is holidays or weekends, there will be income every day, but there are some restrictions on purchases. When buying a money fund, if it is bought on the weekend, the income needs to be calculated on Monday. In case of a holiday, the calculation will be postponed to the first trading day after the holiday.
Bond funds generally invest in some net changes and bonds, and the interest of bonds is calculated every day. Therefore, bond funds, like money funds, will have income on weekends and holidays, and holiday income is generally in the net value of fund shares. According to the different types of investment, funds are divided into money funds, stock funds, bond funds, index funds and hybrid funds. The investment risk of each fund is different, the investment risk of stock fund is the highest and that of money fund is the lowest.