What is the difference between quick redemption and ordinary redemption of money funds? Fast redemption refers to T+0 redemption, that is, the funds can be returned to the designated account on the day of redemption. But quick redemption requires certain conditions. Ordinary redemptions are generally received within T+ 1, T+2 or T+3 working days. If it is a T+2 fund, the fund company will confirm the redemption share on the second working day after receiving our redemption application, and then transfer the money to our card on the third working day.

The reason why it takes so much time is because everyone's money is invested to generate expected annualized expected returns, and they keep very little cash. The fund manager needs to take money from the investment market and then put it on our card.

The difference between quick redemption and ordinary redemption

1, cash flow rate

Quick redemption can be realized on the day of redemption application; Ordinary redemption is usually 1-2 days later. This is also the main distinguishing condition between quick redemption and ordinary redemption.

2. Calculation of expected annualized expected income

There are some differences between quick redemption and ordinary redemption in the calculation of expected annualized expected return. According to the rules issued by southern fund, this process is equivalent to pledging the share to the fund company, and the fund company advances it to us in cash with an equal share value. The expected annualized expected return on the day of quick redemption is transferred to the fund company, so there is no expected annualized expected return on the day of quick redemption.

If ordinary redemption is selected, there will be expected annualized expected return on the day of redemption application, and then there will be no expected annualized expected return from the next day. Of course, this operation time is also divided into 15:00 pm or so.