Alipay's fund is an OTC fund. Off-exchange funds are calculated at 3pm, with the net value of the day before 3pm, and the net value of the next trading day after 3pm. For example, if an investor sells a fund after three o'clock on Friday, it is equivalent to selling it before three o'clock next Monday, then the selling price is the same as before three o'clock on Monday. If the fund on Alipay is redeemed before 3 o'clock, the fund will generally arrive at t 2 and be redeemed after 3 o'clock. The funds will generally arrive at t 3, and the funds and income will return to the deduction account. Of course, if an investor submits an application after purchasing QDII, the foundation will receive it within 4-7 working days after the application.

When the fund is redeemed, the redemption fee is charged according to the holding time, and the redemption fee = (fund share * fund unit net value) * redemption rate. Generally, the longer the holding time, the lower the redemption fee. There is a time limit for the sale of Alipay funds, which is generally bounded by T Day 15:00. Generally speaking, investors pay the subscription funds before T-day 15:00, that is, T-day 1 confirms the share, and trade at T-day price. T-type funds will be transferred to Yu 'ebao before 24:00 on the 2nd. However, if it is after 15:00, the application will be processed on the next working day, that is, the shares will be confirmed on T 2, and the transaction will be made at the price of T 1 T the funds will be transferred to Yu 'ebao before 24:00 on the 3rd.

Generally speaking, when investors buy Alipay funds, they need to confirm their share before they can sell them. For example, investors can buy stock funds before Monday 15:00, and sell them after confirming their shares on Tuesday. However, if the holding time is less than 7 days, the redemption rate of the fund is very high, and some funds need a redemption rate of 1.5%. If the money earned is not enough to offset the handling fee, it will be lost. It is worth noting that: T day refers to the trading day. Generally speaking, Monday to Friday, Saturday, Sunday and holidays do not belong to T. Therefore, if you want to sell the fund quickly, try to avoid Friday, Saturday, Sunday and holidays when redeeming.

There is a time limit, and Alipay Fund implements the t 1 day trading system, so the fund subscribed on the same day will confirm its share the next day. With 15: 00 pm as the key time point, the funds bought before 15: 00 pm will be confirmed the next day and sold the next day; Funds subscribed after 15: 00 pm are calculated according to the next day's net value, and the shares are confirmed on the third trading day, that is, funds subscribed after 15: 00 pm are sold on the third trading day. The holding time of the fund is related to the fund handling fee. The handling fee is generally 1.5% within 7 days after holding this fund, and %0. 15 after 7 days. Generally speaking, the longer the fund is held, the higher the selling rate. The minimum fund sales rate can be zero. There may be some differences in the sales and purchase rules of each fund. Specific to the actual trading rules shall prevail.