Funds are financial products, with profits and losses. If you find something wrong after purchasing the fund, you can redeem it in time. However, fund redemption does not mean that you can redeem it if you want. Fund redemption also has corresponding regulations, so the fund
When can I sell after buying?
How long after buying a fund can I redeem it? After buying an open-end fund, you can apply for redemption after confirming the shares. After buying a closed-end fund, you have to wait until the end of the closing period before you can redeem it. Different types of funds are bought or subscribed, and they can be sold or redeemed.
Return times also vary.
Ordinary open-end funds are subscribed on T day, and T+2 shares can be redeemed upon receipt. Funds listed on the exchange are settled on T+1, bought on T day, and sold on T+1. Some special funds, such as currency ETFs
, bond ETF, gold ETF, some cross-border ETFs and LOF, support buying on T day and selling on T day.
What does fund subscription and redemption mean? After the open-end fund contract takes effect, the investor's application to purchase fund shares is called fund subscription.
The act of fund unit holders (i.e. investors) requesting the fund manager to repurchase the open-end fund units held is called fund redemption.
How long does it take to arrive in your account after fund redemption? For ordinary open-end funds, it usually takes about T+5~T+7 trading days to arrive in your account.
Among them, the settlement time for currency open-end fund redemptions is generally about T+2 trading days, and the settlement time for QDII fund redemptions is generally about T+10 trading days.
Please refer to the announcement of the fund company for the regulations on redemption after fund purchase and the specific fund redemption time.
Before buying a fund, you should plan your own funds and carefully read the fund's purchase and redemption rules.