How to calculate the fund redemption fee?
Fund redemption fee = total redemption amount × redemption rate, in which the redemption rate varies according to the holding period. All funds have redemption rates except the Monetary Fund, which has no redemption rate. The redemption rate of the fund can be inquired through the Tian Tian Fund APP. After opening the APP, investors click on a fund, then click on the "buying and selling rules" and then click on the "selling rules" to display the redemption rate standard of the fund.
Redemption of funds is limited to 3 pm on the trading day. If the fund is sold before 3 pm on the trading day, the income will be calculated according to the net value at the close of the trading day. If the fund is sold after 3 pm on the trading day, the income will be calculated according to the net value at the close of the second trading day. The redemption time of different funds will be different. The arrival time of monetary funds is T+ 1 to T+2. The arrival time of bond, stock, hybrid and index funds is T+3 to t+7; QDII funds arrive from T+7 to T+ 10.
The shorter the general fund holding time, the higher the redemption fee. If investors invest in daily trading funds, the redemption fee is very high, so part of the income is given to the redemption fee, which is one of the reasons why the fund needs long-term investment. If your fund is of high quality, you can choose to hold it for a long time. That's all. Finally, remind investors that the fund is risky and investment needs to be cautious.