Fund subscription is to buy with the amount and convert it into fund holding share. Upon redemption, the fund share is converted into the amount.
Ping An Bank sells a variety of funds on a commission basis, and the regulations of each fund are different. You can log in to Ping An Pocket Bank APP- Home-More-Funds and search for the corresponding fund name to understand. After the fund is subscribed, it needs to wait for the confirmation of the fund company. If you buy before the trading day 15, it will generally be confirmed on T+2 trading days (the specific confirmation time is subject to the fund company). After confirmation, you can view the position share. After the successful subscription of the fund, the confirmation time is the fund establishment date +2 trading days, that is, the fund raising is over, and the share information can be inquired and confirmed on the third trading day after the fund company announces the establishment of the product.
Fund trading is based on the principle of unknown price and the principle of "amount subscription and share redemption": that is, the subscription is applied according to the amount and the redemption is applied according to the share. At the same time, the fund subscription or redemption may involve handling fees, which shall be subject to the official of the fund company.
Tips: Fund products are issued and managed by Fund Management Co., Ltd. Ping An Bank only acts as a consignment agency, and the consignment agency does not undertake the responsibility of product investment, redemption and risk management.
Reply time: 2022-0 1-30. Please refer to the latest business changes announced by Ping An Bank in official website.