1. If the investor redeems the fund and fails to get the money on the trading day, the fund holder redeems the fund share. Generally, the redemption money will be withdrawn from the custodian bank within T+3 working days, and the longest time will not exceed t+ 10 days. Investors can ask the fund company to remit the redemption money directly to their bank account or send it to investors by cheque.
2. Redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account. People usually refer to funds mainly as securities investment funds.