The difference between real-time redemption and redemption is that real-time redemption, after the successful redemption operation, the funds immediately reach the account balance, without listing and selling, that is, without waiting for the subscription of other rich people; Ordinary redemption is generally T+ 1, T+2 and so on. T+0 fast redemption transaction, the redemption funds arrive in real time, and the profit and loss are not calculated for the customer on the redemption day. Non-T+0 ordinary redemption transaction. When applying for redemption, you can choose partial redemption or full redemption, and calculate the profit and loss for the customer on the redemption day. There is no redemption limit for ordinary redemption transactions. The redemption time of open-ended wealth management products is generally T+ 1 or T+2, and some T+0 wealth management products can be received in real time. Closed-end bank wealth management products shall not be withdrawn in advance during the closed period. After the liquidation period, the system will automatically redeem the investment amount, and the arrival time is generally within t+3 days.

Redemption of the fund is selling. Listed closed-end funds are sold in the same way as ordinary stocks. Open-end fund is the price for applying to sell all or part of your fund to a fund company to redeem you. The amount of redemption proceeds is the number of units sold by the fund multiplied by the net value on the day of sale, and then the redemption fee is deducted. Investment fund is an investment tool that collects the funds of many scattered investors, entrusts investment experts, and the investment management experts conduct unified investment management according to their respective investment strategies, so as to benefit many investors. Investment fund is a collective investment model that shares investment income and risks by raising public funds.

Take the concept of real-time redemption of monetary fund T+0 as an example, the fund assets are mainly invested in short-term monetary instruments, such as treasury bills, commercial bills, bank deposit certificates, short-term government bonds, corporate bonds and other short-term securities. Money market funds have the characteristics of relatively stable income, strong liquidity and low subscription limit. It takes 2-4 working days for domestic general money funds to submit redemption applications and receive them. Some investors are worried that they can't withdraw money when they are in urgent need, and nearly 40 trillion residents' demand deposit funds can only be idle in their accounts. The "t+0 Real-time Redemption" of the Monetary Fund means that after the application for redemption is submitted by the Monetary Fund, the funds even arrive in real time on the same day. The realization of "money fund T+0" means that money funds with the same income as time deposits will get the same liquidity as demand deposits. The realization of "monetary fund T+0" is of great significance to the daily cash management of ordinary investors.