Money funds buy on Monday and redeem on Thursday. Does Monday and Thursday count as income? When will the redeemed funds arrive?
Money funds bought on Monday are not considered as income, but only on Tuesday ~ Redemption on Thursday is considered as income, but it is necessary to confirm that this day is not considered as income on Friday ~ There will be funds next Monday, and T+3 is desirable; Therefore, it is recommended to redeem it on Friday and enjoy the proceeds on Friday, Saturday and Sunday. Redemption will be confirmed next Monday, and will be received next Tuesday. The status is available and cash can be withdrawn on Wednesday.