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Why do I have to wait three days to buy a fund and sell it?

Because selling a fund requires confirming the time for fund shares first, the fund generally confirms the shares on T+1. After confirming the shares, the redeeming fund generally confirms the shares on T+1. Assume: An investor buys before 15:00 on Monday

For funds, the net value is calculated based on Monday. If you redeem the fund on Tuesday, you need to confirm the share on T+1, and the account will not be available until Thursday, so it will take three days.

When some funds are sold, the waiting time is relatively long. For example: China Jufeng Steady Target Risk Hybrid FOF Fund, assuming it is bought on November 30, 2021, then if sold, you have to wait until December 6

You need to wait 6 days before the number can be sold.