In the stock market, investors' net capital value at each time point is different, because the estimated net capital value at each time point is different. In most cases, the net value will not be announced until the end of trading hours today. As we all know, the number of days held by the fund is calculated from the date of confirmation of the fund subscription. So, when is the net actuarial value of fund redemption?

What is the actuarial date of the net value of fund redemption?

If it is an OTC fund, it will be redeemed before 15 on the trading day and calculated according to the net value announced by the fund company on the same day. Redemption after 15 is calculated according to the closing price of the next trading day. If it is an on-site fund, trade at the displayed price at any time.

The settlement company feeds back the transaction data to the fund company, and the fund company screens and accounts after receiving the data, and then sends the accounting data to the custodian bank for review. After the audit is correct, the fund company shall submit it to the regulatory agency for the record.

In most cases, when the fund is redeemed, it is priced according to the net value of the fund unit on that day. Since the prices of stocks and bonds held by the fund basically change every trading day, the unit net value will also change every trading day.

Generally speaking, the trading time of the fund is the trading time of the stock, so the redemption at 15:00 in the afternoon is the net value of the day. If it is redeemed after 15:00 in the afternoon, it is the net value of the second trading day. However, it should be noted that both the subscription and redemption of funds use the unknown price method, so it is impossible to accurately determine the net value of funds bought and redeemed.