Bank funds cannot be redeemed. What happened?
1 after the establishment of the fund, the application for redemption will not be accepted within the prescribed closed period, and the closed period and open period of redemption shall be subject to the announcement of the fund management company.
② The confirmation date of fund share is T+2. If the confirmation is successful, investors can redeem this part of the fund shares from T+2.
Only when the bank trading account and the fund account are normal can the fund be redeemed, and the redemption share shall not exceed the effective available share in the bank trading account.
4 The Fund can only be redeemed if the trading account of the Fund is normal. The redemption of the fund is calculated by share, not by amount, and there is no requirement of integral multiple.
Provisions on the redemption of bank funds:
The principle of unknown price is adopted in subscription and redemption, that is, the subscription and redemption price of the fund is calculated based on the net asset value of the fund unit on the day of application.
Within seven working days after the redemption transaction is confirmed, the redemption arrival time of different types of open-end fund products is quite different, which should be based on the fund prospectus issued by the fund management company and the arrival time stipulated in the fund contract.
When redeeming an open-end fund, it is necessary to pay a redemption fee according to a certain proportion of the total amount of redemption funds, that is, the redemption rate. The redemption rate of the fund is mainly linked to the holding time of the fund. It is recommended that you hold it for more than 7 days at most.