Will be returned, the fund is managed by the bank as a third party, and the fund cannot be used for other purposes. After the fund is liquidated, the bank will return part of the funds according to the fund share. However, the liquidation process of the fund is relatively long, and it will take some time for investors to get the funds after liquidation. During this period, the income will be calculated according to the bank deposit interest rate.

There are four kinds of fund liquidation, namely, liquidation at the expiration of operation, triggered liquidation, voting liquidation and compliance liquidation, among which triggered liquidation has the greatest relationship with fund performance. The conditions for triggering liquidation are: the net asset value of the fund is less than 50 million yuan for 60 consecutive days, or the number of fund share holders is less than 200 for 60 consecutive days. In addition, beware of compliance liquidation. When choosing a fund, especially when buying a fund on some unknown platforms, it is necessary to know whether the operation of the fund is in compliance.

1. Fund liquidation refers to realizing all fund assets and distributing the proceeds to the holders. The liquidation time is stipulated in the fund contract when the fund is established. The holders' meeting may modify the fund contract and decide the liquidation time of the fund.

2. According to the relevant laws and regulations of China Fund, if the net asset value of the fund is less than 50 million yuan for 60 consecutive days, or the number of fund share holders is less than 200 for 60 consecutive days, the fund manager has the right to announce the termination of the fund after being approved by the China Securities Regulatory Commission. During the Asian financial crisis, Hong Kong had to be liquidated because of too few assets. Due to the bearish market outlook and redemption of fund shares, many fund companies in Hong Kong closed some funds.

3. Fund liquidation has different effects.

Although the possibility of liquidation is very small, the QDII products of private equity funds and banks have been liquidated before, so this shadow will still leave some marks in the hearts of investors. Many investors are worried about what they will suffer if their small-cap funds are really liquidated. Yang Haobo, Beijing Management Department of Bank of Beijing, believes that even if it is liquidated, it is equivalent to the concept of compulsory redemption of returning money to investors with the net value of the last day. Of course, the liquidation procedure may be more complicated than normal redemption, and it is necessary to determine whether to pay the handling fee according to the provisions of the fund contract.