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What is fund redemption? Is there any difference between the redemption price and the purchase price?

Redemption of the fund you purchased means changing your fund into cash. There should be a difference between the redemption price and the purchase price. The redemption price may be higher than the purchase price, so that you can make money, or it may be less than the purchase price, so that you lose money, and you need to pay the redemption fee when redeeming.