Redemption applications submitted before 0/5 o'clock on working days/kloc are calculated on the same day, and redemption applications submitted after 0/5 o'clock on non-working days are calculated on the next working day.

Therefore, if the redemption application is submitted today 10, it will be calculated today; Submit the redemption application today 18, counting as the next working day.

Q: Is the redemption fund based on the redemption price of the day or the price of the day when the money is collected?

A: The redemption price of open-end funds is determined according to the net value announced by the fund after the stock market closes on that day.

In other words, if the fund is redeemed before 3 pm on a normal working day, the redemption price shall be determined according to the net value of the fund announced by the fund company after the close of the day.

In a broad sense, a fund refers to a certain amount of funds set up for a certain purpose.

It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.

From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses.

The funds we are talking about now mainly refer to securities investment funds.