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The minimum redemption amount for Bank of China funds cannot be less than 500 yuan?

It's not based on the amount, but based on the fund shares you hold.

For example, you hold 550 shares of a certain fund, and you want to sell 400 shares, leaving 150 shares.

However, some fund products stipulate that the minimum number of shares held must exceed 500, so when you redeem 400 shares of the fund, the remaining 150 shares will also be redeemed.