In the fund market, when the net value of the fund falls, investors sell it to reduce losses, or when the net value of the fund rises, they sell it to ensure its income, which is called active selling. When redeeming funds, different funds have different speeds. For example, the general redemption speed of money funds is T+ 1, and bonds, stocks and hybrid funds generally arrive within 1-3 trading days; QDII funds arrive in 3- 12 trading days.

If the fund holder doesn't want to sell, but the fund is forced to redeem for special reasons, it is called passive selling. Generally speaking, funds with compulsory redemption will not charge redemption fees.

The common passive selling situation is: fund liquidation, that is, when the fund company is not well managed, it will be liquidated. After the liquidation of the fund, it will be converted into cash according to the net value before liquidation, and returned to investors after deducting the liquidation expenses.