It can be redeemed before 3 pm, and it will not be successful after 3 pm. After the opening period, the fund enters the closed period, and redemption can only wait until the next open day. The liquidity of fixed-term open-end funds is poor, so investors should make good capital planning when purchasing.
The fund implements T+ 1 transaction, and redeems the share confirmed on the second trading day on the same day. After the share is confirmed, the funds will arrive in the account, and the arrival time is generally 1-3 working days, depending on the product.