1. What's the redemption time for buying a 7-day fund on Friday?
The holding days of the fund shall be counted from the date of confirmation of the fund subscription to the day before the confirmation of the fund redemption. The number of days in the middle interval is the actual holding days of the fund, and the holding days are calculated according to natural days, which means that holidays such as Saturday, Sunday and National Day are also included.
Then, when is the confirmation date of fund subscription and redemption? Generally, it is the next trading day of the fund purchase and redemption date, that is, T+ 1. Non-natural days, weekends and holidays are not counted as trading days, and the 15:00 trading day is the dividing line. If it exceeds 15:00, the next trading day will be counted.
This shows that:
If the investor buys before Friday 15:00, the confirmation date is next Monday, from Monday to Sunday for 7 days. Investors can submit a redemption application next Friday.
If the investor buys after Friday 15:00, the confirmation date is next Tuesday, and it will be held for 7 days from next Tuesday to next Monday. Investors can submit a redemption application next Monday.
Two. Comparison table of fund redemption within 7 days
On the whole, it is not cost-effective to buy fund products on Friday. The funds are occupied and there is no interest. The above contents about the 7-day redemption comparison table of the fund hope to help everyone. Warm reminder, financial management is risky and investment needs to be cautious.