Fund redemption is submitted according to the net value of the fund on the redemption trading day and the fund shares held by investors. The calculation formula is as follows: fund redemption = fund holding share * net value of fund unit on redemption trading day-redemption fee.

Due to the objective need to prepare for redemption, the market price at that time has begun to fall, and the user is most satisfied that the redemption price has not moved. In addition, because most funds are not as easy to cash out as stocks, it may take some time to get cash after the redemption procedures are completed. For the above reasons, if investors can predict the date when they need cash, it is best to start considering the redemption plan one month in advance.

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If the fund is purchased through a bank, investors can go to the counter of the bank outlet with their personal ID card and follow the instructions of the bank staff. Users can also apply for redemption through mobile banking and online banking.

Different types of funds have different redemption time. The redemption time of money funds is mostly T+ 1 day, and some quick redemption money funds can arrive in T+0 days. The redemption time of bond funds and equity funds is slightly longer, generally T+3 days or longer.

Most funds need to charge a redemption fee, and the longer they hold the fund, the lower the redemption rate. If the holding time is less than 7 days, the redemption rate shall not be less than 1.5%.

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