Among them, the redemption of the money fund is generally confirmed on T+ 1 day; The redemption time of the bond fund after confirmation is T+2 days; The redemption time of stock funds after confirmation is T+5 days; In addition, some books of bond funds will lead to time T+5 days. Ordinary investors apply for redemption before T 15:00. If they apply for redemption after 15:00, the arrival time of funds will be delayed by one day.
ICBC can also invest in funds. Under normal circumstances, both fund subscription and fund redemption need to be confirmed. When the fund is redeemed, it is necessary to confirm the share before it can formally enter the fund redemption process.
Redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account. People usually refer to funds mainly as securities investment funds. If you apply to sell your fund shares at the published price and get back the cash, it is customarily called fund redemption. Redemption of the fund is selling. Listed closed-end funds are sold in the same way as ordinary stocks. Open-end fund is the price for applying to sell all or part of your fund to a fund company to redeem you. The redemption amount is the number of units selling the fund multiplied by the net value on the selling day.
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 process of open-end fund redemption is that T day has not been 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.