The closure period is generally within 3 months, and investors can neither purchase nor redeem during the closure period. Although some foundations are open for subscription in the later period of the closed period, they are generally not open for redemption. After the end of the raising period, normal subscription and redemption can be carried out after entering the duration.
If you find that the new fund you subscribed for cannot be redeemed, you can confirm whether the fund is in the collection period. Fixed-term open-end funds have closed periods with different lengths. After the closed period, there will be an open period, during which subscription and redemption are allowed.
Extended data:
The fund redemption is introduced as follows:
After the open period expires, it will enter a new closed period, so the time for redeeming fixed-term open-end funds is limited. Fund investment funds are managed by third-party banks, not by fund companies.
Even if the fund company goes bankrupt, the investment funds will not be used for other purposes. Or postpone redemption after huge redemption (the redemption share of the fund accounts for 10% of the total share of the fund, which is a huge redemption).
People's Daily Online-Punitive redemption fee for open-end funds will be levied from August 1.