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.
The sales organization of the Fund includes the fund manager and the agency entrusted by the fund manager. Fund investors shall purchase and redeem fund shares in the business premises where the sales organization handles fund sales business or in other ways provided by the sales organization.
Redemption procedure
1. Institutional investors:
(1) Fill in a complete application form for redemption of open-end funds and affix an appointment stamp.
Related pictures
Sealed.
(2) ** Fund account card of Fund Management Co., Ltd.;
(3) The original identity certificate of the agent.
2. Individual investors should bring the following materials to the direct selling point for redemption business:
(1) Original ID card (ID card, military ID card or passport) of the person or agent;
(2) ** Fund account card of Fund Management Co., Ltd.;
(3) Fill in a complete application form for redemption of open-end funds.
3. Preventive measures
(1). Investors should handle related matters according to the procedures specified in the fund prospectus.
(2) An investor can only open a fund account in a fund management company.
(3) Generally, the initial minimum subscription amount of direct selling outlets has a fixed limit (in RMB), and the minimum additional subscription amount also has a limit, and there is no differential limit. (However, investors who have subscribed for the fund shares at any sales outlets are not subject to the initial minimum subscription amount).
(4) Generally, the minimum share of redemption has a fixed limit (in RMB), and there is no differential limit. Fund holders can redeem all or part of the fund shares. However, if the balance of a certain fund share in a certain outlet is less than a certain share due to a certain redemption, the remaining fund shares must be redeemed together.