Redemption of funds through consignment, such as redemption of funds through banks, including redemption of funds through bank online banking, usually takes 4 or 5 days from the date of redemption to reach the bank card account. .
Redeem directly from the fund company's website through direct sales-it usually takes only three days to get the money.
First, how to redeem the fund.
The subscription and redemption of the fund shall start within 3 months after the fund contract comes into effect, and the fund manager shall make an announcement on at least one designated media and the fund manager's Internet website (hereinafter referred to as the "website") 2 days before the specific date of subscription and redemption. Fund redemption generally requires two working days for system confirmation and then liquidation. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system.
The general redemption process of open-end funds is: T day is not reported, T+ 1 has been reported, and T+2 has been completed. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system. It is normal to display the uncommitted orders on the submission date (T date). Even if the order is placed around 2:50, as long as records are found in the entrusted inquiry, it will generally be submitted on the second trading day (T+ 1 day) and completed on the third trading day (T+2). And then after liquidation. Therefore, open-end funds generally take about 4 working days. Other overseas funds are generally within 10 days.
Second, the fund redemption also depends on the fund redemption time.
Redemption before the day 15:00 is calculated according to the net value of the fund announced after the close of the day; Redemption orders declared after 15:00 are subject to the closing price of the next day. Fund companies need to settle funds after receiving the instructions to redeem customers, so it takes some time to redeem funds. Even if the same fund is sold in different banks, the redemption time of the fund will be different. Generally speaking, the redemption time of money funds is "t+ 1", and the redemption time of stock funds is generally "t+5" or "t+7". In addition, it is worth investors' attention that the T here refers to the redemption application submitted before 3 pm on weekdays. The fund redemption time is calculated according to working days, such as weeks.
6. On Sunday, the arrival time will be delayed.
At present, it takes t+ to redeem stocks, bonds and allocated funds through bank channels.
4, which means it takes at least 4 working days, and the redemption time of money market funds is t+2. It is suggested to avoid buying and redeeming before holidays as much as possible. The fund's time in transit is calculated on working days, and the time in transit is not calculated on legal holidays. For example, the money fund is redeemed on the last trading day before the Golden Week, and the money can only be received on the second working day after the seven-day holiday, which is the virtual T+8; If the purchase is made on the last trading day before the Golden Week, the transaction will not be completed until after the holiday. During the Golden Week, there is neither deposit interest nor money fund wealth management income.
Most of the new RMB wealth management products launched by banks cannot be terminated in advance, and the general term is 1 to 2 years. If money is urgently needed, banks can only provide pledged loan services to customers who have purchased capital-guaranteed wealth management products, and the annual interest rate of loans is above 6.39%.
Even if some wealth management products are allowed to be redeemed in advance, investors will have certain losses. For example, although some brokers promise to "redeem at any time", the so-called "redemption at any time" must be after the product reaches a certain income or holds it for a certain period of time. Redemption before the time is up requires a withdrawal fee of 0.5%.
There will be some preferential rates for stock funds to hold funds for redemption beyond a certain period of time, but some of the stocks I hold have exceeded a certain period of time, and some have not. Then, when I redeem some funds, how is the redemption rate calculated? Is it calculated according to the preferential rate?
Taking China Merchants Fund as an example, the system of China Merchants Fund Management Company handles customers' transactions in a "first in, first out" way. For example, on April 1 day and July 1 day, 2004, customers confirmed to subscribe for China Merchants Equity Fund 1000 and 2000 respectively. So when all China Merchants Equity Funds are redeemed today, 1 1,000 shares are exempted from redemption fee, and 2,000 shares are charged with redemption fee of 0. 1% (excluding dividend income).
When the performance of your fund is not satisfactory, but another fund owned by the same fund company has a good income, and you also want to redeem your fund and buy another one, you will find that you have to pay as much as 1.5% subscription fee and 0.5% redemption fee. You can use the method of fund conversion, and you only need to pay a small conversion fee. If the holding time reaches a certain period (depending on the regulations of the fund company), it can even be converted for free.