Subscription can be sold on the same day and redeemed the next day; Those who buy can be redeemed on the same day and sold the next day; Therefore, under the premise of reaching the redemption threshold, T+0 trading and instant arbitrage can be realized by buying, selling or applying for redemption.

2. Different amounts:

The amount of redemption proceeds is the number of units sold by the fund multiplied by the net value on the day of sale, and then the redemption fee is deducted.

The subscription rate of ETF is generally 0.8%. The larger the subscription fund, the lower the subscription rate, and the redemption rate is generally 0. 1%. The longer the holding time, the lower the redemption rate. For investors with less funds, if the holding period is less than one year, the total subscription and redemption rate is 0.9%, and the transaction cost is higher.

Extended data:

Redemption time

The subscription and redemption of the fund shall start within 3 months after the fund contract comes into effect, and the fund manager shall make an announcement on at least one designated media and the fund manager's Internet website (hereinafter referred to as the "website") 2 days before the specific date of subscription and redemption.

Fund redemption generally requires two working days for system confirmation and then liquidation. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system.

The general redemption process of open-end funds is: T day is not reported, T+ 1 has been reported, and T+2 has been completed. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system.

It is normal to display the uncommitted orders on the submission date (T date). Even if the order is placed around 2:50, as long as records are found in the entrusted inquiry, it will generally be submitted on the second trading day (T+ 1 day) and completed on the third trading day (T+2). And then after liquidation. Therefore, open-end funds generally take about 4 working days. Other overseas funds are generally within 10 days.

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