1. Redemption of open-ended wealth management products:
Investors can apply for redemption at any time if they buy open-ended wealth management products. Investors can directly operate the redemption on the financial platform, and generally receive the account on the same day after confirming the share.
2. Redemption of non-open wealth management products:
If investors buy non-open wealth management products, they cannot take the initiative to redeem them. They can only wait for the product to expire and the system will automatically redeem it.
Extended data:
Open-ended financial redemption time:
Open-ended wealth management products are highly liquid, have no fixed term, can be redeemed at any time, and have no specific redemption time.
However, it should be noted that open-ended wealth management products usually charge a certain handling fee when they are redeemed. And usually the shorter the holding time, the higher the handling fee. However, some open-ended wealth management products have reached the appointment period. For example, if you hold it for more than one year, you can redeem it for free, and there is no handling fee.
If you want to redeem, you must first apply to the fund company for redemption. After receiving your redemption application, the fund company will pay the redemption money within 3 to 7 working days.
The interest calculation method of open-ended wealth management products is: principal * expected rate of return /365 or 360* actual holding days. In other words, the income of open-ended wealth management products is calculated on a daily basis. The more days you hold them, the more income you get. However, due to the high capital flexibility of this product, the income is not as good as that of closed-end wealth management products.
For closed-end wealth management products, the calculation method of wealth management income is the same as open-end wealth management, but the expected rate of return will be slightly higher.
The difference between open financial management and closed financial management;
1. Open financial management is more flexible and can be realized at any time. Open-ended financial management will set a redemption date within the time limit, and redemption applications can be submitted on the redemption date; Closed-end financial management can only be redeemed when it expires;
2. Open financial management is suitable for investors who use funds flexibly, and closed financial management does not need more operations compared with more stable investors. The income gap between open financing and closed financing may not be very big, but it depends on the investors themselves and product types.