If you apply to sell your fund shares at the published price and get back the cash, it is customarily called fund redemption. Redemption of the fund is selling. 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:
The fund manager will allocate the number of redemption applications of investors at a share ratio of not less than the total unit share 10%; If the investor fails to redeem this part, the investor shall clearly state the extension or cancellation of redemption when submitting the redemption application. The default way for the registration center is for investors to cancel the redemption.
If you choose to postpone the redemption, it will be automatically transferred to the next open day to continue the redemption until it is fully redeemed; If you choose to cancel the redemption, some applications that have not been redeemed on that day will be revoked.
The application for deferred redemption is handled together with the redemption application on the next open day, and there is no priority. The redemption amount is calculated according to the net value of fund shares on the open day.