T represents the trading day, that is, the time to apply for redemption. After receiving the redemption application from the holder, the fund company needs to confirm the transaction according to the net value of the fund.
Different types of funds need different time to confirm redemption. For example, ordinary open-end funds generally need T+ 1 trading day to confirm the share, QDII funds need T+2 trading days, and FOF, pension target and small and medium-sized ETF (OTC redemption) need T+4 trading days. It should be noted that those redeemed before T 15 are calculated according to the net value of the redemption date. Redemption after T day 15 is calculated according to the net value of T+ 1 trading day. The second step is to confirm sharing and receiving.
After the fund company confirms the redemption share, the funds generally arrive within 1-3 trading days. For example, money funds generally arrive in T+ 1-3 trading days, bond funds generally arrive in T+2-4 trading days, and stock, hybrid and index funds generally need to arrive in T+3-5 trading days, depending on the product.
If you buy stocks or funds, you can open a securities account for trading. The chief broker of Huatai Securities, whose mobile phone application Zhang Le Fortune's monthly activity exceeds10 million yuan. At present, Huatai Securities has a VIP account opening channel and can enjoy the ultra-low rate of10 million yuan. At the same time, a year's Level2 ten-file market and high-interest financial coupons are given, which has many benefits and can be understood by the staff.