Suppose A subscribed for a fund, 165438, before 3pm on June 20th, because today is Wednesday and the confirmation date is T+ 1, that is, 1 1.

If A applies to redeem the fund before1October 27th 1 15: 00, the confirmation date of fund redemption is165438+1October 28th, so165438+/kl.

First of all, raising the redemption fee for the part held for less than 7 days will increase the short-term investment cost, which is more conducive to guiding investors to adhere to long-term investment and improving the probability of obtaining relatively stable income.

Secondly, it can avoid short-term arbitrage of huge funds. Before the implementation of the Management Regulations, the subscription/subscription fee was usually not charged for Class C shares of funds. At the same time, we enjoy different rate concessions according to the amount of funds, and the sales service fee is accrued on a daily basis. In this case, in order to save investment costs, short-term investors are more inclined to fund class C shares without subscription fees.

Once the investor structure of the fund accounts for a large proportion of large amount of funds, choosing a large number of redemptions in a short period of time will often cause large fluctuations in the fund's single-day net value. This behavior actually dilutes the interests of existing fund holders, which is not conducive to the healthy and orderly development of the fund market. After the promulgation of the Management Regulations, the short-term redemption cost has increased substantially, which can effectively reduce the adverse impact of short-term frequent entry and exit on fund operation.

Baidu encyclopedia-fund handling fee