Funds are more flexible than deposits and bonds, and there is almost no limit to the redemption time. However, fund transactions need to bear transaction costs, and many funds will be charged redemption fees if they are held for less than 7 days. Next, Jin Toubian Xiao introduced how many rules are there for fund repurchase?

First, how to sell half of the fund in less than seven days?

There are two rules for fund redemption: FIFO and LIFO.

First-in, first-out means that investors buy the same fund for many times, and when the fund company handles the repurchase business, it gives priority to repurchase the fund shares purchased first according to the purchase time order. Similarly, LIFO refers to the priority repurchase of fund shares after subscription.

The main difference between FIFO and LIFO is that the number of days held by the fund and the repurchase rate are different.

All days of the Fund are calculated according to the natural day between the subscription date and the subscription date, and the subscription rate is calculated according to all days of the Fund. The earlier the subscription time, the more the whole day, and the lower the corresponding fund subscription rate.

Now, in addition to the money fund, general fund products hold positions for less than 7 days 1.5%.

The trading rule of funds purchased by investors is first in first out, and selling half of them is a part of the fund share that has been 7 days.

If the trading rule of the fund is LIFO, a repurchase fee of 1.5% is required to sell part of the fund shares for less than 7 days.

Second, where do you see the fund FIFO and LIFO?

Generally, relevant contents can be found in the fund trading rules. Take Alipay as an example, find the trading rules on the fund details page, click the trading rules on the right, click the sales rules, and find the relevant instructions under the holding days.