It can be said that the fund cannot be sold on the day of subscription, and it needs T+ 1 confirmation after subscription, and can only be redeemed on T+2.

See table:

In the above table, the possible time to purchase the fund is on the left, and the T day of the transaction is on the right. Other legal holidays are handled in the same way as general Saturdays and Sundays. T+ 1 and T+2 days can be confirmed after t confirmation. For example, if you buy a fund on Friday morning 1 1, T is Friday, T+ 1 is next Monday, and T+2 is next Tuesday, which means that the fund will be redeemed after buying, and it will be next Tuesday at the earliest. Redemption funds are received according to different types of funds. Generally, it takes T+3-5 working days for hybrid funds, bond funds and equity funds to arrive, T+ 1 day for money funds (instant redemption through direct sales channels), and QDII funds take the longest time to arrive, generally taking T+7-8 working days.

Buying funds in the market, such as closed-end funds, LOF funds and ETF funds, is the same as buying stocks. We can't sell it that day, so we need to wait until the next working day.

Yu 'ebao is an exception. I bought it at that time and I can take it out at that time. The actual transaction has not been confirmed, but the money paid by Alipay is paid in advance, not really redeeming your money. This is an exception.