Fund redemption refers to the process that investors convert their fund shares into cash. The exchange steps and necessary conditions are as follows:

First, the exchange steps

1. Investors need to prepare account information for redemption of funds, including fund accounts and bank accounts;

2. Investors can submit redemption applications through online fund trading system, mobile APP and customer service phone.

3. The fund company shall review the redemption application of investors, and accept those that meet the requirements;

4. The fund company converts the investor's fund shares into cash and transfers the cash into the investor's bank account;

5. Investors can check the redemption results through the online fund trading system and mobile APP.

Second, the necessary conditions

1, investors must hold fund shares;

2. Investors must have a capital account;

3. Investors must have a bank account;

4. Investors must meet the redemption conditions stipulated by the fund company, such as redemption amount and redemption time.

In short, the fund redemption procedure includes redemption steps and necessary conditions. When investors redeem the fund, they need to prepare relevant account information and meet the redemption conditions stipulated by the fund company in order to successfully complete the redemption.