The money redeemed by the fund is the market value of the current holding share and the amount shown by the current reference market value. The money redeemed is really redeemed in the bank card after deducting a certain handling fee.

The amount received after redemption will hardly equal the market value of the fund.

There are two main reasons:

1. There is redemption fee, which needs to be deducted.

2. The market value of the fund you see is the value of the fund on the last working day or the past working day.

When redeeming the fund, the net value of the transaction is definitely not announced, and it needs to wait until the evening of the working day to know, and the market value of the fund seen during the transaction must be the previous working day. So even if the redemption fee is 0, then the net value is likely to have changed, and the actual redemption amount will not be the market value seen.

Extended data:

Redemption procedure: The Fund adopts the method of "share redemption", and the redemption price is calculated according to the net value of fund shares on T day. The calculation formula is: total redemption amount = redemption share × net value of fund share on redemption day = total redemption amount × redemption rate = total redemption amount-redemption fee.

Redemption of fixed funds refers to the business that customers entrust banks to redeem fixed-share fund products from designated fund accounts at designated time every month to avoid the trouble of redemption timing. At the same time, the principal can be redeemed by installments without using the principal, so that the principal can continue to "roll interest" and accumulate interest.

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