For purchases/redemptions made before the trading day 15:00, the transactions shall be made according to the net value of the day, and the net value of the day shall be inquired on the next trading day;

The subscription/redemption after trading day 15:00 is regarded as the transaction of the next trading day, and the share is converted according to the net value of the next trading day, and the net value of the transaction can only be found on the third trading day.

In addition, subscription and redemption fees should be deducted from income.

According to the rules of Alipay fund redemption, funds sold on the same day can only be redeemed on the second working day. For example, if you sell on Wednesday, as shown in the figure, you will arrive on Thursday. If you fall the next day, you will deduct the money and calculate the selling price.

Fund redemption is aimed at open-end funds. Investors directly or through an agency request 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.

The subscription and redemption of the fund shall start within 3 months after the fund contract comes into effect, and the fund manager shall make an announcement on at least one designated media and the fund manager's Internet website (hereinafter referred to as the "website") 2 days before the specific date of subscription and redemption.

Fund redemption generally requires two working days for system confirmation and then liquidation.

The general redemption process of open-end funds is: T day is not reported, T+ 1 has been reported, and T+2 has been completed. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system.

It is normal to display the uncommitted orders on the submission date (T date). Even if the order is placed around 2:50, as long as records are found in the entrusted inquiry, it will generally be submitted on the second trading day (T+ 1 day) and completed on the third trading day (T+2). And then after liquidation. Therefore, open-end funds generally take about 4 working days. Other overseas funds are generally within 10 days.

References:

Baidu encyclopedia fund redemption