Can the money fund be redeemed at any time?
Can be redeemed at any time. Monetary fund is a fund that can be purchased and redeemed at any time except statutory rest days, and there is no time limit. Fund companies generally stipulate the redemption of shares, and the receipt of funds is 2 trading days (T+2 days). The most common money fund is Yu 'ebao. The money fund needs to be redeemed manually, and Yu 'ebao does not need to be redeemed. When investors pay or consume, they choose Yu 'ebao to deduct money, which is redemption.
What redemption skills does the money fund have?
The redemption operation of monetary fund should be carried out before the trading day 15:00 to ensure the operation of T+2 mode.
Money funds should not be purchased on Friday, and it is more cost-effective to redeem them on Monday. This is because investors who subscribe for the money fund on Friday will lose two days of money fund income (that is, the cash interest of the fund on Saturday and Sunday). If they redeem the money fund on Monday, they can enjoy the money fund income on Saturday and Sunday.
Monetary funds can be redeemed at any time, and there is no need to pay handling fees for subscription and redemption. With extra spare money, investing in money funds is a good financial choice. Compared with savings, the income of money fund is slightly higher than that of one-year time deposit, and the interest is tax-free, which is suitable for short-term investment.