Is it worth selling the fund on Friday afternoon?
Fund redemption rules are similar to fund purchase rules. T+ 1 trading rules are adopted, that is, the redemption application is submitted on T day, and the fund company confirms it on T+ 1 day, and the redemption amount is calculated based on the net fund value on T day. After T+ 1, the fund no longer enjoys the expected return, and the fluctuation of the fund's net value has nothing to do with the redemption amount of the fund.
T-day refers to the trading day, and operations before 15: 00 on that day are counted as T-day. If it is operated after 15: 00, the next trading day will be counted as T day. Therefore, the redemption is operated in different time periods on Friday afternoon, and the redemption arrival time and expected income calculation date are also different.
1, sold before Friday afternoon 15: 00.
If the investor sells before Friday afternoon 15: 00, Friday is counted as T-day, and the redemption amount of the fund is calculated according to the net value of the fund on Friday, and the expected income of the fund ends on Friday.
The confirmation time of fund redemption and the arrival time of redemption funds are next Monday (T+ 1, excluding trading days on weekends).
2. Sell after Friday afternoon 15: 00.
If the investor sells after Friday afternoon 15: 00, the Monday of next week will be counted as T-day, the redemption amount of the fund will be calculated according to the net value of the fund in the next week, and the expected income of the fund will expire in the next week. The confirmation time of fund redemption and the arrival time of redemption funds are next Tuesday.
Summary:
It is not very cost-effective to apply for general redemption of money funds before Friday afternoon 15: 00.
Because the money fund calculates the daily actual expected return on the basis of ten thousand expected returns, it takes T+ 1 day for ordinary redemption, which means that the redemption funds can't arrive on the weekend two days, and there is no expected return of the fund.
The above content about the fund selling on Friday afternoon is cost-effective, and I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.