Does the fund holding day include holidays?
The number of days of fund holding includes holidays. The holding period of a fund refers to the natural day when investors confirm the interval between buying and selling funds with the fund company, including holidays and weekends. Of course, the holding days of the fund need to be calculated from the day when the fund confirms the share. If you only subscribe to the basic fund and the fund share has not been confirmed, it is not considered as holding the fund. Only after the fund confirms the share can it be considered that the fund subscription is successful.
Under normal circumstances, when the fund confirms the share, it is T+ 1, which is of course related to the time of fund subscription. If the subscription is made before the trading day 15, it will be T+ 1 to confirm the share and start to calculate the fund holding time. If the fund is purchased after the trading day 15, the fund share will be confirmed on T+2, and the holding time of the fund will be calculated. It is worth mentioning that if there is a holiday or weekend after the fund subscription, then the time for the fund to confirm the share will be postponed.
Suppose investors buy the fund before 3: 00 pm on 12, and the fund share is confirmed from 13, which means that the holding time of the fund starts from 13, which means that the fund has been held for 7 days on 19. If you bought the fund after 3 pm on 12, the fund share will be confirmed from 14, and the fund will be held for 7 days on the 20th.
The holding time of the fund will mainly affect the handling fee rate of fund redemption. Under normal circumstances, the handling fee rate of fund redemption is the highest when the fund is held for less than 7 days, followed by the handling fee rate when the holding time is between 7 days and one year. The fund has been held for one year, and many funds are free of search renewal fees.