According to the definition of operation, fund redemption, also known as fund selling, is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account.

Generally speaking, fund redemption means selling the fund and realizing it.

It can also be understood as selling fund shares. Listed closed-end funds are sold in the same way as ordinary stocks. Open-end fund is the price for applying to sell all or part of your fund to a fund company to redeem you. The redemption amount is the number of units selling the fund multiplied by the net value on the selling day.

Extended data:

1, gold redemption trading principle

When applying for redemption by share, that is, when redeeming the fund, you only need to fill in how many shares to redeem. Redemption follows the principle of "first in, first out", that is, redemption is carried out in the order of investors' application (approval).

Generally speaking, fund redemption is based on share, not amount. Buy the same fund many times, and redemption is the first part.

2. Calculation of redemption transaction net value

Applications submitted before 15 o'clock on the trading day are calculated according to the unit net value of the current day, and applications submitted after 15 o'clock are calculated according to the unit net value of the next working day. For example, if the fund is subscribed on Friday, the net value will be calculated on the Friday before 15, and the net value will be calculated on the Monday after 15, because it is closed on Saturday and Sunday.

Generally speaking, the redemption of funds before 15 o'clock on the same day is calculated according to the net closing value of the day.

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