Why haven't you confirmed the successful redemption of the fund?
There are specific trading rules for fund redemption, and T+n trading rules are generally implemented. Simply put, T+n refers to the redemption time, where T day refers to the open day when the product manager accepts the investor's redemption business application, and N generally refers to n national legal working days. Generally speaking, the arrival time of redemption fund products is T+ 1, T+2 or T+3.
This is because when investors redeem funds, fund management companies need to calculate the net share value of funds (that is, the redemption price of each fund) after the market closes on the same day, and then transfer funds, so the time for fund redemption will be delayed.
It should be noted that the redemption time of different types of funds is different. For example, money funds generally receive T+ 1, stock funds generally receive T+3, and FOF funds and QDII funds take longer. In addition, in case of non-working days such as weekends or legal holidays, the redemption time of the fund will be postponed, and the time for the funds to arrive will also be postponed. If an investor applies for redemption during non-trading hours, the time for applying for redemption shall be postponed to the next working day.
In short, the fund has been redeemed but the funds have not arrived, because the fund is still in a redemption state, which is not a redemption application or a redemption success. Coupled with the time difference of different types of funds and holiday factors, the arrival time may be extended.