Generally, the calculation of T-day must meet two conditions at the same time:
1, trading days except weekends and legal holidays;
2. Take the closing time of the stock market as the boundary, that is, before the trading day 15:00.
T+N day refers to the nth trading day after T day, for example:
Fund share date: it is the time to confirm the share, which is generally T+2, that is, the second trading day after T;
Net value announcement date: the domestic net value announcement date can generally be inquired on the evening of T day, while the net value announcement date of some QDII funds may be T+2 day.
Fund redemption date: it is the time when the funds arrive after the fund is sold, and it usually takes T+2 or T+3 days to arrive. That is to say, if it is redeemed on Friday, it will arrive on T+2 next Tuesday, so the time will be postponed when T meets a legal holiday.
One: What is a fund?
According to different standards, securities investment funds can be divided into different types:
(1) According to whether the fund share can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), and the fund scale is not fixed through subscription and redemption by banks, securities companies and fund companies; Closed-end funds have a fixed duration and are generally listed and traded on stock exchanges. Investors buy and sell fund shares through the secondary market.
(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. Fund is an investment fund company established by issuing fund shares, usually called corporate fund; Usually called contractual fund, it is established by fund managers, fund custodians and investors through fund contracts. China's securities investment funds belong to contractual funds.
(3) According to the different investment risks and returns, it can be divided into growth funds, income-based funds and balanced funds.
(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.