For investors, the choice of private equity funds needs to be cautious, and the redemption of private equity funds needs more attention. The redemption of private equity funds is very different from that of other funds. "The net value of the fund falls and investors redeem it" or "the fund needs to be redeemed by turnover" are all situations that investors often encounter.
How long does it take to redeem private equity funds? What should I pay attention to when redeeming private equity funds?
Redemption of private equity funds
The redemption of private equity funds takes place between investors and fund companies. In other words, investors are not interested in a fund, or are in urgent need of factors such as capital turnover. If they want to make a profit, they will tell the fund company to redeem the fund and get back the corresponding funds, and this fund share will disappear at the same time.
Compared with Public Offering of Fund, where liquidity is relatively good, the liquidity of private equity funds is relatively poor. At present, the closure period of most private equity funds in the market is 1-6 months. During the closed period of the fund, investors are generally not allowed to redeem it. If investors must redeem, they need to pay a relatively high redemption fee, and they can only redeem for free after the closed period.
It is worth noting that even if the private equity products you hold have passed the closed period, investors cannot redeem them every day. Many of them need to be redeemed on the specified redemption date, usually once a month or once every half a month. After the closed period of private equity fund ends, the customer fills in the redemption application and sends it to the corresponding trust company 5- 10 working days before the opening date of each month. The net value of the open day will be the net value of private redemption, and usually the funds will be remitted to the investor's bank account within 3-7 working days after the open day. The specific situation should be implemented according to the provisions of the private placement trust contract, and the provisions of different private placement products are different. Private equity fund subscription and inquiry can go to private equity network, which does not charge subscription fee.
It should be noted that private equity funds can not be redeemed in full. In the case of partial redemption, the redemption part is generally not less than 6.5438+million, and the retained market value after redemption must be the minimum amount required by private equity funds, and the minimum amount retained is usually 6.5438+million, otherwise it must be redeemed in full.
What should I pay attention to before redemption?
First, give the portfolio a "physical examination"
Before redeeming private equity funds, investors should evaluate the current development stages of private equity companies and investment research teams, and evaluate whether private equity institutions are in the introduction period, growth period, maturity period or recession period, because different development stages will greatly affect the net value of products.
Second, pay attention to size up the situation.
The net value of private equity funds is not fixed, and the change of market conditions has a very important impact on the net value of products. Similar to the trading in the stock market, the redemption point will determine its return. Therefore, investors need to evaluate the timing of redemption and choose the timing of intervention. Before considering redeeming funds, carefully consider the matching degree between market evolution and private placement style.
Third, set stop loss and take profit points.
In private redemption, many investors may redeem products because of losses. Like most investments, investors need to set reasonable stop-loss points and take-profit points for themselves when buying private equity products. The market environment is unpredictable, and losses of different fund types are very common. Of course, when the market situation is good, many private equity funds have a very significant profit-making effect. Therefore, it is very important to stop loss or take profit at a reasonable time.
Fourth, carefully sort out the details of the contract.
Generally speaking, the redemption of private equity funds needs to be applied several working days before the opening, and then the specific redemption amount is calculated according to the net value on the opening day. After redemption, it takes several trading days for funds to enter the investor's account. There are different restrictions on the specific time. For investors who switch to private equity products, it is necessary to carefully sort out the details of the fund contract and calculate the time difference in order to get back the funds within a reasonable time.
In addition, in the redemption of private equity funds, there are special provisions for huge redemption. Huge redemption means that when the net redemption amount of an open-end fund on that day exceeds 65,438+00% of the fund size and the redemption acceptance ratio is not less than 65,438+00% of the total fund size, the fund manager can postpone the remaining redemption applications. When fund investors apply for redemption, they need to choose the huge redemption processing method of redemption application between continuous redemption and cancellation redemption.