1. Huge redemption: that is, the net redemption share of the day exceeds 10% of the previous day's fund size, and the fund manager can decide to partially redeem it. At this time, if the investor chooses "no extension", the unconfirmed part will not be redeemed.
2. Special funds: some funds that are opened regularly stipulate that the maximum redemption share during the opening period cannot exceed 65,438+05% of the fund share, and partial redemption will be taken if it exceeds.
3. The opening period of the new fund can be up to 3 months before redemption.
4. If the remaining share of the fund after redemption is below a certain limit, the system will forcibly redeem the remaining share.
The failure of fund redemption may be due to the following reasons:
1, the fund is not in the open period, or it is time for redemption, and the redemption prompts to suspend trading; 2. Incorrect redemption share input. If it is a partial redemption, the remaining share of the redemption account shall meet the requirements of specific products; 3. The operation path is wrong. Generally, the off-exchange fund redemption path is professional version 2 transaction-fund-redemption, and the on-exchange fund redemption path is professional version 2 transaction-on-exchange fund-fund redemption. T+0 money fund needs to be operated through the money fund menu. It can be further confirmed by querying the fund announcement or according to the system prompt.
Calculation method and redemption skills of fund redemption
Redemption, also known as repurchase, is aimed at open-end funds. Investors require the fund management company to withdraw part or all of the investment from the fund directly or through an agency in the name of an individual and will buy it. ...
Fund redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through an agency require the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account. Investors need to fill in the application for repurchase, and indicate the name and number of units (or amount) of the repurchase fund. It usually takes about three to four working days for the repurchase money to be remitted to the bank account.
Calculation method of fund redemption
The Fund adopts the method of "share redemption", and the redemption price is calculated according to the net value of fund shares on T day. The calculation formula is as follows:
Total redemption amount = redemption share × net value of fund share on the redemption day.
Redemption fee = total redemption amount × redemption rate
Redemption amount = total redemption amount-redemption fee
If investors choose the back-end subscription mode when purchasing, the calculation method of redemption share is as follows:
Total redemption amount = redemption share × net value of fund share on the redemption day.
Back-end subscription fee = redemption share × net value of fund share on the day of subscription × back-end subscription rate
Redemption fee = total redemption amount × redemption rate
Redemption amount = total redemption amount-redemption fee-back-end subscription fee
Handling method of redemption amount: the redemption amount is the actual confirmed effective redemption share multiplied by the net value of the fund share on the application day and the corresponding expenses are deducted, rounded to two decimal places, and the assets represented by the rounded part belong to the Fund.
Redemption fee
The redemption fee of the Fund is collected when investors redeem the fund shares, and the balance after deducting marketing and registration fees belongs to the fund property. 25% of the redemption fee of the Fund belongs to the property of the Fund. The redemption rate of the Fund is not higher than 0.5%, which decreases with the increase of holding period.
Holding period redemption rate
1 0.5% in a year
1 year or more (inclusive) -2 years 0.25%
More than 2 years (inclusive) 0
What are the skills of fund redemption?
Since most open-end funds implement T+3 or T+4 in their transactions, once investors are in urgent need of money, the funds will not arrive for a while, which will inevitably delay things. In fact, as long as investors can flexibly use fund redemption skills, they can minimize the time for fund redemption.
Trick 1: choose T+3 fund specially.
The transit time for fund companies to redeem funds is not uniform, some are T+3 and some are T+4. Financial experts advise investors that when buying a fund, they must look at whether the redemption time of this fund is T+4 or T+3. If the operation level of the two funds is similar, you may wish to choose the T+3 fund, which can shorten the time for funds to arrive.
Tip 2: choose curve redemption
Most fund companies have not only stock funds, but also monetary funds, and the mutual transfer of their funds is T+0 or T+ 1. Therefore, investors can skillfully use the time difference to effectively shorten the time for the redemption of funds. For example, the investor Mr. Zhang is in urgent need of money. There is a stock fund that needs to be redeemed, but he wants to shorten the time on the road. The mutual conversion between stock funds and monetary funds of fund companies is T+0, so Mr. Zhang first converts his stock funds into monetary funds and redeems them. Because the redemption of monetary funds is generally T+ 1, Mr. Zhang's fund redemption time will be shortened by 65,438+.
Trick 3: use the system to trade.
At present, most banks and fund companies have opened the fund investment reservation redemption business. As long as the investor agrees on the redemption price and time in advance in the online trading system of the bank or fund company, even if the investor is busy and has no time, the system will automatically complete the transaction according to the investor's instructions.
Tip 4: Avoid legal holidays.
The calculation of redemption time of funds in transit is based on working days, excluding national legal holidays. For example, when Ms. Chen redeems the stock fund on the last trading day before the Golden Week, the funds must be received on the fourth to fifth working days after the seven-day holiday, and T+3 or T+4 becomes T+ 1 1 or T+ 12. If investors purchase funds on the last trading day before the Golden Week, they can still make a deal after the Golden Week. In this way, their funds will not be used for seven days, and their deposits will not receive any interest. Therefore, from the perspective of financial management, whether it is to purchase or redeem funds, we must avoid holidays.