Fund trading rules:
1. The trading time of the fund is the trading time of the stock. The fund company shall make effective confirmation every Monday to Friday (except legal holidays), and the application for confirmation of redemption share shall be postponed from 9: 30 am to 3: 00 pm on a working day based on the application date, and the return of redemption shall be postponed for two days.
2. Open-end fund refers to a fund operation mode in which fund sponsors can sell fund shares or shares to investors at any time according to their needs when setting up a fund, and can redeem the issued fund shares or shares at the request of investors.
Investors can buy funds through fund sales agencies, so that the assets and scale of the fund will increase accordingly, or they can sell their fund shares to the fund to recover cash, so that the assets and scale of the fund will decrease accordingly.
Open-end fund redemption rate:
Redemption amount = redemption share T-day fund unit net value-redemption fee
Redemption fee = redemption share T-day fund unit net value redemption rate
Open-end fund redemption process:
1. Issue redemption instructions: customers can issue fund redemption instructions by fax, telephone, Internet, etc. , or visit the fund company's direct sales center or agency outlets in person.
2. Redemption price benchmark: the redemption price of the fund is the net value of the fund on the redemption day, plus the redemption fee.
3. Receiving redemption money: When investors redeem funds, they can't get the money on the trading day. Generally, the money will be taken out after three to five days, and it will not exceed seven days at the latest.