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Redemption time of QDII fund:
After the closure period, QDII funds announce their net value daily, but only on T+2. The redemption time of QDII funds is about 10 days, with slight differences in different channels:
Redemption of online direct selling fund: T+8 days.
Redemption of consignment channel fund: arrived on T+9.
It should be pointed out that:
If the investor's fund redemption time is before the fund delivery on the afternoon of the same day 15: 00, it will be counted as redemption on the same day; If the redemption time of the investor's bond fund is after the fund delivery at 15: 00 on the afternoon of the same day, it will be counted as the next day's redemption.
Reasons for the long redemption time of QDII funds:
Because QDII products are invested in the global market, due to the time difference and different currencies in different regions, the daily asset settlement and net value calculation are slower than those in a single market, and the net value is basically announced across working days. In this case, it also determines that its redemption time will be relatively longer than that of ordinary funds.
Even so, people are still very inclined to invest in QDII fund products, because it can get more expected annualized expected returns than ordinary funds. But there are risks. Let's look at its risks.
Fund redemption calculation:
The Fund adopts the method of "share redemption", and the redemption price is calculated according to the net value of fund shares on T day. The calculation formula is as follows:
Total redemption amount = net value of fund shares on redemption date.
Redemption fee = total redemption rate
Redemption amount = total redemption amount-redemption fee
If investors choose the back-end subscription mode when purchasing, the calculation method of redemption share is as follows:
Total redemption amount = net value of fund shares on redemption date.
Back-end subscription fee = the back-end subscription rate of the net value of fund shares on the day of redemption share subscription.
Redemption fee = total redemption rate
Redemption amount = total redemption amount-redemption fee-back-end subscription fee