Can money funds be sold at any time?
Money funds can generally be sold at any time, because the investment direction of money funds is mainly cash, bank deposits with a maturity of 1 year (including 1 year), bond repurchase, central bank bills, interbank deposit certificates, bonds with a remaining maturity of less than 397 days (including 397 days), debt financing instruments of non-financial enterprises, asset-backed securities, etc. , so the liquidity is better, generally can be sold at any time.
However, it should be noted that new funds usually have closed positions, but money funds are special. The time for money funds to open positions is relatively short, usually within one week, so they cannot be sold when they close their positions.
In other words, there will be a one-week closure period, but the length of the closure period will be somewhat different due to the different situation of each monetary fund. Therefore, when you buy a money fund, you should pay attention to the rules of the money fund and see how it is stipulated. Subject to the Fund Rules.
Generally speaking, money funds can be sold at any time after the new fund is closed. However, it should be noted that the money fund will not arrive immediately, and there will be a confirmation process. Generally, the share will be confirmed at T+ 1, and the fund redemption will be subject to 15:00. As long as it is before the trading day 15:00, the closing of the day shall prevail.
For example, suppose investors buy money funds before Monday 15:00, and after confirming their shares on Tuesday, they can sell them on Wednesday, but it is generally not recommended to sell them, so it is meaningless to buy funds because there is no money.
The same is true if investors redeem after 15:00. As long as it is any time after the trading day 15:00, it will be calculated according to the net value after the closing of the next trading day. Therefore, when redeeming, it will be better to redeeming before 15:00, and you can refer to the fund valuation.
Generally speaking, the gap between the net value of the fund and the valuation of the fund will not be great. Might as well watch it a few minutes before 15:00. At this time, the fund valuation is relatively accurate, and it can be considered to be redeemed when the fund rises, which is in the case of profit.
Is there a handling fee for the redemption of the money fund?
There is no handling fee for the redemption of the money fund. Although the money fund does not charge subscription fees and redemption fees, it should be noted that it will charge management fees, custody fees and sales service fees. Generally, these expenses are directly accrued from the fund assets on a daily basis, so the net value of the fund announced by investors on each trading day has been deducted from the corresponding procedures, so investors do not need to pay separately in each transaction.