How long can I withdraw cash after the fund is sold?
Generally, it takes T+4 working days for stock funds to receive redemption funds, T+2 working days for money funds and T+ 10 working days for QDII (if the trading time is between 09:30- 15:00 on the fund trading opening day, it is the trading day; If the trading time is not within the above range, the latest fund trading open day will be after the trading).
The subscription and redemption of this fund shall start within 3 months after the fund contract comes into effect, and the fund manager shall make an announcement on at least one designated media and the Internet website of the fund manager 2 days before the specific date of applying for redemption. Fund redemption generally requires two working days for system confirmation and then liquidation.
The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system. 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 x net value of fund share on redemption date.
Redemption fee = total redemption amount x redemption rate;
Redemption amount = total redemption amount-redemption fee
Handling method of redemption amount: the redemption amount is the actual confirmed effective redemption share multiplied by the net value of the fund share on the application date and the corresponding expenses are deducted, rounded to two decimal places, and the assets represented by the rounded part belong to the Fund.
How long can you withdraw your cash after the fund is sold? I hope it will help you. The arrival time of different types of funds after sale is different, and the specific types need to be analyzed in detail.