Fund redemption cannot be redeemed according to the amount, but only according to the number of shares. You can verify it yourself. The same fund is redeemed at the same time when it is purchased in different time periods. The principle of redemption is that the shares bought first are redeemed first. If you buy in bulk and buy 1 1,000 yuan respectively, then the number of copies of each transaction is different. Suppose that 3000 copies are sold for the first time, held for 33 years, and 5000 copies are held for the second time, and the holding period is 1 year. If 4,000 copies are redeemed, 3,000 of them will be held for more than 3 years, and the remaining 1 0,000 copies will be held for more than 3 years. There are as many bands as there are ratios.

Different types of funds: (1) Depending on whether the fund share can be increased or redeemed:

Can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms:

It can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the difference between investment risk and return:

It can be divided into growth, income and balance funds.

(4) According to different investment objects:

It can be divided into four categories: money fund, bond fund, mixed fund and stock fund.

Definition of back-end subscription fee:

The so-called front-end and back-end fees are the commission fees paid by fund management companies to banks and other outlets through fund holders. This consignment fee, if the investor pays when buying the fund, is called the front-end fee; If you choose to pay with the redemption fee when selling, it is called back-end charge.