For the small partners who have just participated in the investment fund, many people don't know the purchase and redemption rules of the fund, and they don't know the arrival time of the fund. I will answer your question from the perspective of popularizing fund knowledge.
First, the trading of funds is basically the same as that of the stock market.
Because most fund transactions are over-the-counter transactions, the fund products that ordinary people can access are basically Public Offering of Fund. There is a rule of T+ 1 for fund trading, which means that the fund price needs to be calculated according to the actual net value of the day after trading. This net value refers to the closing price of the fund on that day. After calculating the closing price of the day, our net worth and share will be determined and our transaction will end.
2. The redemption funds of the Fund will generally arrive before 24 o'clock the next day.
As I said above, the fund needs to determine the net share value of the day, so it can't arrive in time that day. If you need funds in a short time, you need to socialize at least one day in advance so that you can receive the relevant transfer before 24 o'clock the next day. Different fund trading platforms may have different account arrival periods, but generally speaking, two working days are enough for fund redemption.
Third, you need to consider holidays.
Because holidays are not open, there will be no holiday operation. For social operation on holidays, you need to determine the net value after the holiday 1 working day, and arrive at the account before 24 o'clock the next working day. In other words, you need to wait for the whole holiday and two working days by the way. It is precisely for this reason that we need to give full consideration to holidays when purchasing and redeeming funds, and don't waste time because of time.