Fund subscription refers to the behavior that investors open fund accounts in fund management companies or selected fund consignment agencies and apply for purchasing fund shares in accordance with the prescribed procedures. The number of subscribed fund shares is calculated on the basis of the net asset value of the fund shares on the subscription date, and the specific calculation method must meet the requirements of the relevant regulations of the regulatory authorities and be specified in the fund sales documents.
The newly subscribed funds can only be redeemed or converted after T+3 days (including the third day). (except subscription funds) Here's a trick. If you want to redeem the fund (especially the stock base), you can first convert it into a money fund and then redeem it. Generally, stock funds arrive at T+2-7, that is, your money will arrive at your pre-bound bank card on the 2nd-7th trading day of your redemption. The monetary fund of the same company is generally T+ 1-2. First, you need to wait two days before you can transfer the stock base to the goods base (for example, if you transfer it today, you can redeem it from the money fund the next trading day). It usually takes 3-4 days from stock base to redemption. Needless to say, the Monetary Fund can enjoy the benefits of the Monetary Fund within two days.