The general process of redemption of open-end funds is: not reported on T day, not reported on t+ 1, and completed on t+2 day. The fund's subscription and redemption need T+2 days system confirmation to be successful.

It is normal to show that there is no report on the report day (T day). Even if the order is placed around 2:50, as long as it is recorded in the entrusted inquiry, it will be declared on the second trading day (T+ 1 day) and the third trading day (T+2 day) and will be liquidated, so it takes about 4 working days for the general open-end fund.

Extended data:

Handling method of redemption amount: the redemption amount is multiplied by the actual effective redemption share multiplied by the net value of the fund share on the day of application, and the corresponding expenses are deducted, rounded to two decimal places, and the assets represented by the rounded part belong to the Fund.

For example, an investor redeems 6,543,800 fund shares for 654.38+0.5 years, and the applicable redemption rate is 0.25%. It is assumed that the net fund share value on the subscription date is 654.38+0.05 yuan, and the net fund share value on the redemption date is 654.38+0.25 yuan, and the back-end charging method is adopted.

Baidu encyclopedia-fund redemption