In China, 1.5% will go through the formalities within 7 days, and the redemption fee will usually be waived after more than two years.
The calculation formula of fund selling fee is: redemption fee = redemption quantity * net value of fund shares on T day * redemption rate, which can also be simply understood as total redemption amount * redemption rate.
For example, suppose Blackie holds 2,000 funds with a net value of 5 yuan, and redeems them to 1.5% after 7 days. That is, the total redemption amount is 2000*5= 10000 yuan, and the handling fee for selling the fund is10000 *1.5% =150 yuan.
It can be seen that the redemption rate of short-term holding funds is relatively high. Generally speaking, the longer the fund is held, the lower the selling rate will be, which depends on the rules in the fund details, and there may be some differences between funds.
In addition, it is worth noting that you should not purchase and redeem funds frequently. Every purchase and redemption requires a fee. If it is too frequent, you may lose money to the principal. Unless short-term funds have very good returns, which can offset these expenses and make money, you can consider redemption.