How to redeem 1. at maturity is a conceptual problem. For example, a fund has 65.438 billion shares, and if someone redeems 65.438 billion shares, there are only 900 million shares left. Because according to the relevant provisions of the National Fund Law, the circulation of closed-end funds remains unchanged, that is, the share of closed-end funds should remain unchanged at the beginning and end of the fund maturity, that is, a closed-end fund with a share of 65.438 billion shares will still be 65.438 billion shares at the maturity date. According to the relevant rules, it can only be redeemed when it expires.

2. Trading before maturity is also one of the rules, so that closed-end funds can circulate. Through the conversion between fund holders, it has been circulating.

3. Different from open-end funds, if the fund redeems 50 million yuan on the same day, the circulation of 654.38 billion yuan will become 950 million yuan, and its share scale is constantly changing.

4.T+ 1 transaction is to buy on the same day, sell on the next day, and sell on the same day for the next fund subscription. Circulation doesn't matter much.

5. Maturity is only the concept of a time period. The term of closed-end funds in China is generally 5- 15 years, but now it is very few, and many of them have been opened.

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