How to extract the daily income of the fund?
The withdrawal of fund income can only be completed by redeeming shares, rather than directly withdrawing income. Because the income of the fund we buy is essentially the increase of the net value of the fund, you can't directly take out this increased net value, but sell some shares to get the corresponding income.
So how long will it take for the proceeds to arrive after the fund withdraws? If it is redeemed before the trading day 15:00, the share will be confirmed on the next trading day and the funds will be received; If it is redeemed after 15:00, the funds will not arrive until the share is confirmed on the next trading day.
Some types of foundations arrive late, the most prominent one is QDII fund, which is a fund that invests in overseas markets, so the intermediate procedures will be more troublesome, and the arrival time will be later. QDII redemption will take about ten days to arrive.