The first redemption date is a concept in the fund field, which refers to the time for investors to redeem the fund for the first time after purchasing the fund and confirming the share by the system.

The first redemption date of the open redemption fund is T+ 1. As long as it is operated before 15:00 on that day, the transaction price shall be settled according to the net value announced on that day, and the operation after 15:00 shall be calculated according to the next day; The first redemption date of non-open-end funds is based on the fixed lock-up period of products.

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