Redemption time of stock funds: T+3 days.
Redemption time of bond fund: T+3 days.
Redemption time of QDII fund: T+8 days.
Redemption refers to the act of investors selling their shares of open-end funds to fund managers in order to recover their funds. Usually, valid redemption applications submitted by investors before the opening day, that is, trading days of Shanghai Stock Exchange and Shenzhen Stock Exchange (9: 00 am-afternoon 15:00 pm) and 15:00 pm, will be confirmed by the net value calculated on that day according to the principle of "unknown price", after 15:00 pm. If the fund encounters large-scale redemption, it shall be handled in accordance with the provisions of the fund contract.
Fund dividend
It means that the fund distributes part of the income to investors in the form of cash or converts it into fund shares, which is originally a part of the net value of fund shares. According to the provisions of the Measures for the Administration of the Operation of Securities Investment Funds, the income distribution of closed-end funds shall not be less than once a year, and the proportion of annual income distribution of closed-end funds shall not be less than 90% of the realized income of the fund; The fund contract of an open-end fund shall stipulate the maximum number of fund income distribution and the minimum proportion of fund income distribution each year. The default dividend method of open-end funds is cash dividend (except monetary funds), and investors can set it at the time of subscription or modify it to "dividend reinvestment" after confirming the share.
References:
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