In addition, it should be noted that due to the existence of certain redemption fees, regular redemption funds are more suitable for investors who have a certain cash flow demand every month to solve the actual cash demand and reduce the desire of investors to redeem in large proportion.
Extended data:
The subscription and redemption of the fund shall start within 3 months after the fund contract comes into effect, and the fund manager shall make an announcement on at least one designated media and the fund manager's Internet website (hereinafter referred to as the "website") 2 days before the specific date of subscription and redemption. Fund redemption generally requires two working days for system confirmation and then liquidation.
The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system. The general redemption process of open-end funds is: T day is not reported, T+ 1 has been reported, and T+2 has been completed.
The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system. It is normal to display the uncommitted orders on the submission date (T date). Even if the order is placed around 2: 50, as long as records are found in the entrusted inquiry, it will generally be submitted on the second trading day (T+ 1 day) and completed on the third trading day (T+2).
And then after liquidation. Therefore, open-end funds generally take about 4 working days. Other overseas funds are generally within 10 days.
References:
China News Network-Financial Tips: Funds can be redeemed skillfully to meet sudden demand.
Baidu encyclopedia-fund redemption