Generally speaking, "it takes t+7 working days to redeem a fund, plus two weekends, and it takes almost nine days to get the funds in place." Why is the fund redemption so slow? ""The same fund, redeemed at Bank A, will arrive in two days. Why does it become T+3 and T+4 when it is changed to line B? "

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Faced with these questions from investors, the reporter interviewed relevant persons of banks and fund companies. They told reporters that it seems that fund redemption is only the reverse process of subscription, but it is not as simple as imagined.

For example, after an investor issues a redemption order, the order will reach the fund company's database. Every day, they will summarize the fund redemption situation of the day and set aside the corresponding cash for the redemption of investors. For different fund types, fund companies have different processing times for redemption and settlement, such as money funds and short-term debt funds, the interval between trading day and settlement day is small, generally the day after trading day; If it is a stock fund, it is usually the third or fifth day of the trading day. After the settlement, the money will arrive in the account, and the bank will have to settle for 1 to 2 days before the redemption amount can be credited to the investor's account. It can be seen that the redemption speed of a fund is closely related to the settlement speed of fund companies and consignment channels. Therefore, even for the same fund, the redemption time will be different in different consignment channels.

Choose the fastest consignment bank.

Then, what is the difference between the redemption time of different funds in the major banks that currently sell funds on a commission basis? A timetable for fund redemption compiled by the reporter can provide some reference for readers.

As can be seen from the above table, the redemption time of funds of different banks, such as money market funds and short-term debt funds, is still quite different. The shortest time is t+ 1 working day, and the longest time may take t+3 and t+4 working days to get the account. According to the reporter's understanding, the cash appreciation fund of China Merchants Bank can be redeemed before 9: 30 t+ 1 working day. This design of the arrival time has undoubtedly brought a lot of convenience to those stock market investors: when the stock market is not good, invest money in money market funds to get higher returns than current savings; When the market picks up, a redemption order will be issued within one working day in advance, and the redeemed funds will be in place before the stock market starts trading the next day, which is convenient for investing in stocks.

For fund products other than money market funds and short-term debt funds, the redemption time set by banks is generally T+5 or T+7 working days. The fastest redemption is the fund sold by Shanghai Bank. According to the staff of the interbank finance department of Shanghai Bank, all the funds they sold can be received within T+4 working days. In addition to a small number of funds, non-monetary and short-term debt funds issued by China Merchants Bank can also be received within t+4 working days.

But it is worth investors' attention that the T here means to apply for redemption before 3 pm on the next working day. Some investors use online banking or telephone banking to redeem funds. If it exceeds three o'clock in the afternoon, it will be handled on the second working day. Accordingly, the arrival time of funds will be delayed by one working day. In addition, the redemption time is calculated according to working days. If there are non-working days such as Saturday and Sunday, the redemption time will be delayed.

Therefore, when investors choose to buy funds, they should also compare the redemption speed of different consignment banks to improve the utilization rate of funds.

"Yinjitong" and direct selling are faster.

Different from the bank's consignment channel, funds purchased through "Yinjitong" or the fund company's electronic direct sales channel can still be "one step ahead" in redemption.

Take the "Yinjitong" business launched by Huaan Fund, Minsheng, Xingye and Shanghai Pudong Development Bank as an example. Generally speaking, it takes T+2 working days for money market funds to arrive, and T+5 to T+7 working days for other funds to arrive. However, if you take the "silver-based link" channel, investors can get the redemption money from their accounts at noon on the second working day after the redemption of money market funds and at noon on the third working day after the redemption of non-money market funds, which greatly improves the efficiency of investors' use of funds.

Now more and more investors prefer the electronic direct selling channel of fund companies when investing in funds. The reason is not only that the rate of electronic direct selling is more favorable, but also that the fund is redeemed faster, which is more conducive to ensuring the liquidity of funds. Original address:/article/E0/8153.html.