Funds are divided into open-end funds and closed-end funds, and open-end funds are generally not listed on exchanges. What should I do if I want to redeem an open-end fund? The following is how to redeem the open-end funds organized by Bian Xiao, for reference only, hoping to help everyone.
How to redeem open-end funds
Open-end funds are generally not listed on the exchange, but sold through fund management companies and their designated consignment outlets, and banks are the most commonly used agent sales channels for open-end funds. Investors can go to these outlets to purchase and redeem open-end funds. The specific steps are as follows:
When an investor decides to invest in a fund of a fund management company, he must first open a fund account at a sales outlet designated by the fund management company, and the fund account is used to record the investor's fund holdings and changes. When applying for opening a fund account, an investor shall submit a written application to the sales outlets, and issue the fund prospectus and the corresponding documents stipulated in the fund contract. These documents usually include: copy of business license of legal person investor, certificate of legal representative and power of attorney of legal representative, ID card of individual investor, bank account number for settlement and reserved seal card.
Then, investors can start to purchase and redeem open-end funds issued by fund management companies. Every time investors purchase or redeem, they must fill in the application form at the designated sales outlets. If the technical conditions are mature, they can also send instructions by fax, telephone, internet and other means. Since the transaction price of open-end funds is based on the fund net value of the day, customers can only fill in their own fund shares when purchasing, and they will not know how many fund shares they have actually purchased until the fund net value is announced the day before the next morning. When redeeming, investors only need to fill in the redemption share.
Within a few working days after completing the purchase and redemption procedures, investors can print the transaction confirmation form or delivery form at the point of sale (fund management companies usually send investors a list of transactions for a period of time on a regular basis). At this point, the whole transaction is completed.
What are the open-end funds divided into according to their investment objectives?
1 growth fund
A securities investment fund whose basic goal is to pursue long-term appreciation and profitability of assets, so as to invest in listed stocks or other securities with good growth potential.
2 Income-based funds
A securities investment fund with the pursuit of high current returns as its basic goal and securities that can bring stable returns as its main investment object.
Step 3 balance funds
With the basic goal of ensuring capital security, current income distribution and long-term growth of capital and income, the securities investment fund pays more attention to the combination of long-term and short-term "income-risk" in the portfolio.
Open-end fund trading rules
1 Registration and account management
① Personal investment needs to prepare relevant identification documents (such as ID card, military officer's card, soldier's card, military officer's card, etc. );
2. Enterprise investment requires the company's business license and other relevant documents;
(3) If someone else is entrusted to open an account, the agent shall also carry a power of attorney and a valid certificate that the agent has opened a fund account in a fund consignment bank or securities company.
2 Subscription
① When the open-end fund is approved by the China Securities Regulatory Commission, investors buy the fund.
Investors can only subscribe for funds at one sales outlet.
③ The subscription price of the fund is the face value of the fund share to be issued plus a certain subscription fee.
(4) The interest generated during the subscription period shall be owned by the fund unit after the establishment of the fund.
⑤ The fund manager shall report the fundraising situation to the China Securities Regulatory Commission for the record.
3 subscription
① The subscription of open-end funds adopts the amount subscription. Once the subscription application is accepted, the amount will be deducted from the fund account.
(2) Sales outlets shall provide investors with a receipt for accepting the application after handling the procedures for deducting subscription funds.
(3) The fund manager may set subscription restrictions or stop subscription application under special circumstances.
(4) Due to some special circumstances of individual accounts, the fund manager may not accept individual subscription applications.
⑤ Fund subscription ends at 3: 00 pm. If investors trade at the net value of the day, they need to complete the subscription process before 3: 00 pm. ..
4 redemption
The redemption application is redeemed by the fund unit.
(2) After the sales outlets freeze the fund shares that investors require to be redeemed, they shall provide investors with the receipt for accepting the application.
(3) Open day fund holders can redeem for many times.