There are still many types of funds in Alipay. Fund investment business and redemption business are the rights and interests enjoyed by investors. As long as users don't want this fund, they can handle the redemption business at any time. Users need to understand that Alipay is one of the major fund consignment platforms, and Alipay itself is not a fund company.

How does Alipay get less money?

The decrease in Alipay's cash withdrawal was mainly due to the decrease in redemption fee and fund net value. Investors need to understand that when Alipay sells fund products, it actually sells fund shares, not fund prices. Therefore, in addition to the redemption fee, the net value of the fund will also affect the money taken out.

After the Alipay fund is sold, it will charge a certain redemption fee according to the turnover. The longer the holding time, the lower the redemption fee, and the shorter the holding time, the more the redemption fee. Moreover, the fund generally follows the principle of unknown price when purchasing and redeeming, and the amount obtained from selling is calculated by the net asset value of the fund share after the deadline of application. Therefore, the fund's plunge in the next trading day will also lead to losses for investors.

Because investors can only see the net value of the fund on the previous trading day when selling the fund, the net value of the day has not been announced. This highlights that at the time of sale, the actual redemption amount of investors is unknown.

Generally speaking, Alipay redemption needs to deduct a certain percentage of handling fees, so the total amount of funds is less. Moreover, when Alipay is redeemed, it shows the share, so investors think that there is less money.