Redemption is also called repurchase. It is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the fund investment and remit the remittance to the fund management company. In the investor's account. The funds that people usually refer to mainly refer to securities investment funds. If you apply to sell your fund shares at an open price and recover cash, it is usually called fund redemption. The redemption of the fund is a kind of sale. Listed closed-end funds are sold in the same way as ordinary shares. An open-end fund is all or part of the fund you hold, and you apply to sell it to a fund company to redeem your price. The redemption amount is the number of units sold by the fund multiplied by the net value on the day of sale.

Since most open-end funds execute T+3 or T+4 transactions, once investors are eager to spend money, these funds will not reach their accounts for a period of time, which will inevitably delay the trading time. In fact, investors can shorten the time of fund redemption as long as they use the fund redemption skills flexibly. Most fund companies have not only stock funds, but also money funds. Their mutual transfer of funds is T+0 or T+ 1. Therefore, investors can take advantage of the time difference to effectively shorten the time for the redemption of funds. For example, Mr. Zhang, an investor, is in urgent need of funds. There is an equity fund that needs to be redeemed, but he wants to shorten the redemption time. The mutual transfer of fund companies' equity funds and monetary funds has realized T+0. Mr. Zhang Can converted his stock fund into monetary fund and redeemed it, because the redemption of monetary fund usually implemented T+ 1. In this way, Mr. Zhang's redemption time will be shortened by 1 to 2 days.

At present, most banks and fund companies have set up fund investment retention and redemption business. Investors only need to make an appointment in the online trading system of banks or fund companies in advance, and agree on the price and time of redemption in advance. In this way, even if the investor is busy and has no time, the system will automatically complete the transaction according to the investor's instructions.

The calculation of fund redemption time is based on working days. National holidays are not counted. For example, Ms. Chen redeemed a stock fund on the last trading day before the Golden Week, and the fund had to wait until the fourth to fifth working days after the seven-day holiday. T+3 or T+4 becomes T+ 1 1 or T+ 12. If investors subscribe for funds on the last trading day before the Golden Week, they can still trade after the holiday. In this way, their funds will be used up within 7 days, and they will not get a small amount of deposit interest. Therefore, from the perspective of financial management, whether buying or redeeming funds, we should avoid holidays.