Deferred redemption means that when there is a huge redemption of the fund, the share that has not been redeemed on the same day will continue to be postponed to the next trading day. This mode of operation is mainly to protect the interests of investors. When there is a huge redemption of the fund, the fund company has the right to redeem part of it first, and the rest will continue to be redeemed later or the fund company may refuse to redeem it as needed.
In the case of deferred redemption, the fund company usually decides whether to refuse redemption or take other measures to maintain the stability of the fund and protect the interests of investors. The fund company refuses to redeem or takes other improper measures, which may cause losses to the interests of investors.