Reason one: it is a closed-end fund.
Buy a closed-end fund, if the fund is in a closed period, it can't be fully redeemed. It can't be redeemed completely before the fund opens or expires, because closed-end funds have a closed period, and they can't be redeemed during the closed period. Therefore, to buy closed-end funds, it is necessary to rationally allocate funds to avoid a shortage of funds.
Reason 2: large redemption is restricted.
If it is an open-end fund, it can be redeemed at any time, but if the redemption amount is relatively large, it may be restricted and it needs to be withdrawn in batches. For example, an investor has 6,543,800+shares, but the maximum redemption amount of the fund in a single day is 500,000 shares, then the investor can redeem it within two trading days.
Reason three: the network is not good.
If it is because the network is not good, there are cases that cannot be completely recovered. Investors just need to find a place with a good network and a signal to re-operate.
Reason 4: There is a special fund announcement.
If there is a special announcement that the fund cannot be redeemed temporarily, it will take a few days to redeem it. Some funds can't be redeemed in full under the condition of special announcement, but this situation is still relatively rare.
Reason 5: during the suspension of the fund.
If the fund is suspended, it is during the suspension of subscription and redemption, so it is impossible to redeem all the funds, and then redeem them after the resumption of trading.
Finally, it should be noted that the subscription and redemption of this fund is based on 15:00. If the investor submits the redemption instruction before the trading day 15:00, the redemption amount will be calculated according to the net value of the next trading day, that is, T+ 1. If the redemption instruction is submitted after the trading day 15:00, the redemption amount will be calculated according to the net value of the next trading day, that is, T+2.