Although investors can subscribe for funds at any time, the fund company only confirms it on the trading day, which refers to Monday to Friday except weekends and legal holidays, with 65438+ 05:00 pm as the boundary.
Therefore, the fund company will wait until next Monday to confirm the funds subscribed by investors after Thursday 15:00. The fund holding time is also calculated from next Monday, and the same is true for redemption.
The specific meaning is as follows: If you subscribe before this Friday afternoon 15, and the share will not be confirmed until next Monday, then the middle Saturday and Sunday are not counted as holding days. If the application is made after this Friday 15, the share will not be confirmed until next Tuesday, and the middle Saturday, Sunday and Monday are not included in the holding days.
The fund purchase and redemption will not arrive immediately, but will be confirmed by the fund company. General fund products are traded according to the rules of T+ 1, that is, investors purchase or redeem funds on t day, and fund companies confirm them on T+ 1 (the next trading day).
For example, an investor subscribes for a fund on March 12, and the fund company confirms its share on March 13. March 13 is the subscription confirmation date, which is also held by the fund 1 3.
If the investor redeems the fund on March 19, the fund company will confirm the share on March 20, that is, the sale confirmation date, and March 19 is the last 1 day held by the fund.
All dates from March 13 to March 19 are counted as fund holding days, of which March 14 is Saturday and March 15 is Sunday.