What do you mean by postponing or not postponing fund redemption?
The extension of fund redemption means that only a part can be redeemed, and the rest can't be redeemed on the same day, and the fund will be redeemed again the next day when it has money. If the fund redemption is not postponed, it means that only a part can be redeemed in proportion today, and the rest will not be redeemed for the time being. Under normal circumstances, this operation has occurred in many small and medium-sized funds. Because their funds are small, once there is a huge redemption (redemption reaches 10% of the fund size), the funds will be tight immediately.
A fund usually only prepares a small amount of funds to deal with redemption, so once many people redeem it, the fund will sell its share directly because of insufficient funds. The more redemptions, the more sales, and the risk of a run on the whole fund. Therefore, in order to prevent this vicious situation, the redemption rules of the whole fund have two measures: redemption extension and non-extension.
In this regard, if we see such a situation in the funds we hold in our daily operations, then we don't have to be too nervous. The fund company and the operator's money are separated, and the redemption amount will only arrive later.