If you buy a fund in Alipay, you don't need to open another account. Just use the Alipay account with real-name authentication to purchase. After buying it, you can look at the position. If you don't want to hold it, you need to apply for redemption yourself. After the redemption is successful, the money will arrive.

Where did the money redeemed by Alipay Fund go?

Yu 'ebao is still a bank card, depending on the collection method chosen by investors. To sell funds in Alipay, you can choose Yu 'ebao or bank card. If you choose Yu 'ebao, the money will go directly to Yu 'ebao, otherwise it will go directly to the bank card, subject to the page prompts.

For money funds, if part of the funds purchased come from Alipay balance, the funds of your Alipay balance will be redeemed to Yu 'ebao first, and this part of funds will not be redeemed to the bank card.

After the fund is sold, it does not arrive at the account immediately, and it takes T+ 1 trading day at the earliest, while those who choose to sell the bank card will generally arrive at the account later than Yu 'ebao. Different funds arrive at different times, and the message will be pushed to Alipay client after arrival.

Alipay fund sells a lot less:

1 Fund selling is selling share ≠ amount. When you sell, you can't know the price you sell, only the price on which day.

2 Some assets of the Fund are bought in different ways, so it is suggested to sell them in a special plan.

3 The fund assets sold may be holding period funds: the names of holding period funds generally include keywords such as "holding period". For this kind of fund, the share confirmed by buying needs to be held for a fixed period of time before it can be sold, such as 3 months, 6 months, 12 months, etc. Generally, the specific holding period will be displayed on the fund name or fund details page.

4 At present, the newly subscribed share has not been confirmed: the newly subscribed fund can only be sold after the share is confirmed and the current trading day 15:00 has passed. If some newly bought stocks have not been sold, they can't be sold.

When you apply for redemption of the fund in Alipay, if the redemption button is gray, it means that you can't redeem it, either the share you bought has not been confirmed, or the fund is still in a closed period.