With the increasing demand for financial management, fund investment has become an increasingly popular investment method. Redemption is a common operation in fund investment, but many people don't know the rules and time of fund redemption, especially how to calculate the time of fund redemption for 7 days? Let's look at the rules of fund redemption.
1. What is fund redemption?
Fund redemption refers to the operation that fund investors sell fund shares according to their personal needs after holding them for a certain period of time. Fund redemption can get the net value of fund share, that is, the investor's principal MINUS the handling fee.
Second, the fund redemption rules
1. Time of fund redemption: The time of fund redemption is generally on the trading day of the working day. On the day of redemption of open-end funds, the fund company will announce the redemption deadline before each trading day, and investors can redeem within the specified time.
2. Fund redemption fee: Fund redemption fee includes redemption fee and management fee. Redemption fee refers to the fee that investors need to pay for redemption. Generally speaking, the redemption fee is free, but some fund companies will charge a certain redemption fee for short-term investors. Management fee refers to the fee charged by the fund company for managing the fund, which is deducted according to a certain proportion every year.
3. The number of fund redemptions: There is generally no limit to the number of fund redemptions. Investors can redeem according to their own needs, but some fund companies will stipulate the minimum redemption amount.
3. How to calculate the 7-day redemption time of the fund?
Many people think that it takes seven days to get the funds after redemption, because fund companies usually transfer the funds to investors' accounts within seven working days after redemption confirmation. However, the redemption confirmation date does not refer to the date when the investor submits the redemption application, but refers to the date after the fund company confirms the application. How to calculate the 7-day fund redemption time should be calculated from the redemption confirmation date?
Fund redemption is a common operation, and investors need to pay attention to the rules and time of fund redemption to avoid unnecessary losses.