According to Article 20 of the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds" implemented on August 8, 2014, the fund manager shall confirm the subscription and redemption within three working days from the date of receipt of the investor's application for subscription and redemption.

return the validity of the application, except for special fund types specified by the China Securities Regulatory Commission.

Therefore, if investors buy on Friday and encounter the May Day holiday and the National Day holiday, the confirmation time will be longer.

Since the confirmation time is on working days and the market is closed on holidays, confirmation will not be performed.

In practice, many fund companies confirm T+1 shares. If investors buy it and it has not yet been confirmed, they can wait patiently.

After purchasing a fund, you can also withdraw or revoke it while it is pending confirmation, but it is best to do it on the same day.

Confirmation of fund shares is generally carried out on T+1 day. Unless otherwise stated, withdrawals may not be successful on T+1 day.

What does it mean to buy a fund?

Buying a fund, also known as buying a fund, usually refers to an investment and financial management method that people with idle funds can choose. They use their temporarily unused funds to purchase funds for investment in order to maintain value and win benefits.

The Fund incurs certain expenses during the sales and operation process, which are ultimately borne by fund investors and used to pay for the services provided by the fund manager, fund custodian, sales agency and registration agency.