Fund share holders can redeem all or part of their fund shares. For partial redemption, the redemption share must be not less than the minimum value and must be an integer share. When redemption leads to the minimum fund share balance of a single trading account, the fund manager has the right to redeem the remaining fund shares at one time. ?
Generally, the minimum redemption share is between 100- 1000, and different fund management companies and fund types will be different. Therefore, it refers to the number of shares of the fund.
Second, the single minimum redemption share refers to the minimum redemption limit required for each redemption of the fund. In other words, the redemption fund shall not be less than the number of shares. If the single minimum redemption share is 65,438+000, the redemption amount at the time of fund redemption shall not be less than 65,438+000, otherwise the redemption will fail.
In addition, if the total number of shares is less than 100, it does not mean that it cannot be redeemed. This is an exception: when the existing total share is less than 100, if the fund is redeemed, it must be redeemed in full, and there can be no surplus.
Three, the fund share of closed-end funds can be traded in a legally established stock exchange, and other provisions are authorized if funds with other modes of operation need to be listed and traded.
Therefore, the listing of fund shares mentioned in this chapter refers to the listing of fund shares of closed-end funds. The listing and trading of fund shares refers to the open and centralized bidding of fund shares in the stock exchange upon the application of the fund manager and the approval of the the State Council Securities Regulatory Authority.
Extended data:
Handling method of redemption amount: the redemption amount is the actual confirmed effective redemption share multiplied by the net value of the fund share on the application day and the corresponding expenses are deducted, rounded to two decimal places, and the assets represented by the rounded part belong to the Fund.
Example: An investor redeems 65,438+00,000 fund shares of the Fund in 65,438+0.5 years, and the applicable redemption rate is 0.25%. Assume that the net value of the fund share on the day of subscription is 65,438+0.05 yuan, and the net value of the fund share on the day of redemption is 65,438+0.25 yuan.
Use back-end charges (back-end charges refer to the payment method that investors pay subscription and subscription fees when applying for fund redemption, without paying any handling fees), then:
Total redemption amount = 1 ten thousand × 1.25 = 1.25 million yuan.
Back-end subscription fee =10000×1.05×1.0% =105 yuan.
Redemption fee =12500× 0.25% = 31.25 yuan.
Redemption amount (the net value of fund shares on that day) =12500-105-31.25 =12363.75 yuan.
That is, investors redeem 65,438+00,000 fund shares, and the redemption amount of 65,438+02,363.75 yuan can be obtained by back-end charging. If the subscription fee has been paid at the time of subscription, then "redemption amount (net value of fund shares on that day) =12500-31.25 =12468.75 yuan".
Baidu encyclopedia-fund redemption