Holding the fund for seven days is a very important time for fund investors, because most fund products need to go through a certain handling fee when purchasing and redeeming, and the reduction of redemption rate is limited to seven days. So how is the redemption of funds held for seven days calculated?

Calculation method of 7-day redemption of funds

Starting from the fund confirmation date, it is counted as the first day of holding, and counted back to the natural day before the fund redemption confirmation date. It should be noted that the holding date of the fund includes a natural day, but the fund confirmation date is only a trading day, not a natural day.

Then, when is the confirmation date of fund subscription and redemption? Generally, it is the next trading day of the fund purchase and redemption date, that is, T+ 1. Non-natural days, weekends and holidays are not counted as trading days, and the 15:00 trading day is the dividing line. If it exceeds 15:00, the next trading day will be counted.

for instance

If the investor buys before Friday 15:00, the confirmation date is next Monday, from Monday to Sunday for 7 days. Investors can submit a redemption application next Friday. If the investor buys after Friday 15:00, the confirmation date is next Tuesday, and it will be held for 7 days from next Tuesday to next Monday. Investors can submit a redemption application next Monday.