Under the financial management craze, capital has become the top priority of everyone's attention, and many new citizens enter the stadium through running. But there are some trading rules that need to be understood, such as whether we can cancel after applying for redemption. Let's have a look.

Can the fund be redeemed?

Yes, we can cancel the redemption application before confirmation.

According to Article 20 of the Measures for the Operation and Management of Public Offering of Securities Investment Funds, the fund manager shall confirm the validity of the subscription and redemption within three working days from the date of receiving the application for subscription and redemption from investors, except for special fund varieties specified by the China Securities Regulatory Commission.

However, at present, it is rare for the fund to determine the share on T+3. At present, most fund products usually determine their own fund shares at T+ 1. Before confirmation, we can usually cancel the application, whether it is redemption or subscription.

Therefore, if the redemption application is submitted before 15 on the trading day, it is best to cancel it before 15 on the same day. Many Internet sales organizations cannot cancel after 15, while the cancellation of funds purchased in banks after 15 may or may not be successful. If the share has been confirmed, it cannot be revoked.

Generally speaking, the application for subscription and redemption on the same day can be cancelled before the end of the business processing time on the same day, and cannot be cancelled after the end of the business processing time on the same day. If there is really no way to cancel, then wait for the opportunity to buy.