Is there any interest on the day of redemption after the Monetary Fund 15?
Yes, there is interest on that day. The trading time of the money fund is 9: 00- 15: 00 on T. During this period, investors redeem the money fund, and interest is calculated on T. The share is confirmed on T+ 1 day, and interest is not calculated. On the other hand, if it is not redeemed during this period, interest will be calculated on T day, redemption application will be submitted on T+ 1 day and interest will be calculated, and the share will be confirmed on T+2 day without interest.
Money Fund Purchase and Redemption Skills
1 subscription: Do not subscribe for the money fund on Friday. Submit the subscription application on Friday and confirm the calculation of interest next Monday, which is equivalent to losing the income on Saturday and Sunday. Try to purchase on Thursday, confirm the share on Friday to calculate the interest, and enjoy the interest income on Saturday and Sunday.
Redemption: the money fund will not be redeemed on Thursday, and the income will not be enjoyed on Friday, Saturday and Sunday. However, if investors redeem after Thursday, they will not enjoy the proceeds until next Monday.
Similarly, if there is a holiday, investors are advised to purchase it two days before the holiday and redeem it the day before, so that they can also enjoy the benefits during the holiday.