Secondly, some funds are closed-end funds, which cannot be withdrawn at any time without maturity, and can only be withdrawn after the fund expires, so investors should read the introduction clearly when purchasing funds.
Funds are relatively liquid investment products. However, most funds cannot withdraw money at any time.
Because the funds currently on the market are all open-end net worth funds, if you want to apply for redemption on the same day, then you can calculate the redemption share according to the unit net value of that day. However, the net value of the fund on that day cannot be calculated until after the close of the day, so it is impossible to withdraw the money at any time anyway.
Although most funds can't withdraw money at any time, there is still one fund that can withdraw money at any time, and that is the money fund. Money fund is a non-net-worth fund, so it is not necessary to confirm the net value first when redeeming.
But conditional, the money fund can withdraw at any time. First of all, only a part of the money fund can be withdrawn at any time. In fact, money funds can't quit early, but later some money funds created a new model, which enabled them to quit at any time, but not all money funds can quit at any time.
Secondly, money funds that can be withdrawn at will can only be partially withdrawn. Money funds that can be withdrawn at any time can only withdraw 6,543,800 yuan at most on the same day, and the part exceeding 6,543,800 yuan cannot be withdrawn at any time.
How long can other funds be withdrawn?
First of all, if it is a closed-end fund, after selling the fund on the same day, you can take the money into the bank account on the next trading day. Note that this is the next trading day, not the next day. Because the securities market is closed on holidays, funds cannot be transferred out of the securities account.
In addition, after the closed-end fund is sold on the same day, although the money cannot be taken out of the account, it can still be used for other investments, such as buying stocks, funds, and reverse repurchase of government bonds.
Secondly, if it is an open-end fund, it will take a long time for the fund to withdraw funds. Most open-end funds generally arrive within two or three trading days after redemption on the same day, that is, the funds will not arrive until the day after tomorrow at the earliest. If it is a holiday, the time when the funds arrive will have to be moved back.
There are also some open-end funds that take longer to issue accounts, such as QDII funds. QDII is a fund that invests in overseas markets. Since the opening time of European and American securities markets is later than that of China, the net value confirmation of QDII is only one trading day later than that of investing in the domestic market.
Coupled with the transfer of funds and other reasons, QDII funds take a long time to pay. If you apply for redemption on the same day, the funds will generally arrive in 9- 10 trading days.
In addition, there are some closed-end open-end funds that cannot be redeemed during the closed period, so it takes longer for the funds to withdraw funds. Because some funds are closed for 3-5 years, the withdrawal time of such funds is obviously much longer than that of other funds.