2. If you apply to sell the fund shares you hold at the published price and recover the cash, it is customarily called fund redemption. 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 at which all or part of the fund is held in hand and applied for sale to the fund company for redemption. The redemption amount is the number of units selling the fund multiplied by the net value on the selling day.