Usually, the calculation of the net redemption value of external funds on which day is related to the specific time when users redeem funds. If the investor applies for redemption of the Fund before the trading day 15:00, the redemption of the Fund shall be calculated according to the net value of the Fund on the trading day, that is, according to the net value on T day. If the investor redeems the fund after the trading day 15:00, it will be calculated according to the net value of the next trading day, that is, the net value of T+ 1.

What does OTC fund redemption mean?

Over-the-counter fund redemption refers to that an investor, in his own name, directly or through a consignment agency, requests the fund management company to withdraw part or all of his investment in the fund and remit the purchased funds to the investor's account. People generally say that funds mainly refer to securities investment funds. If you apply to sell your fund shares at the published price and get back the cash, it is called fund redemption by convention. The redemption of the fund is selling. Listed closed-end funds are sold in the same way as ordinary stocks.