Redemption is generally used in the economic field, and mostly refers to funds. The applicant sells the fund units he holds at the published price and receives the cash. This is customarily called fund redemption.

The redemption of the fund is the sale.

Listed closed-end funds are sold in the same way as general stocks.

The redemption of the fund is the sale.

Listed closed-end funds are sold in the same way as general stocks.

For open-end funds, you hold all or part of the fund and apply to sell it to the fund company to redeem your money.

The amount obtained from redemption is the number of units of the fund sold, multiplied by the net value on the day of sale, minus the redemption fee.

Extended information: The overall redemption process: An investment fund is to pool the funds of many dispersed investors and entrust investment experts (such as fund managers) to conduct unified investment management according to their investment strategies to benefit many investors.

an investment tool.

Investment funds gather public funds to jointly share investment profits and risks. It is a collective investment method with maximum benefit sharing and maximum risk sharing.

Securities investment funds raise funds through the public issuance of fund units and use the funds for securities investment.

Holders of fund units enjoy asset ownership, income distribution rights, residual property disposal rights and other related rights to the fund, and assume corresponding obligations.