It has not been successful yet and I want to know when it will be successful.
When will the fund redeemed on Friday afternoon be successfully redeemed? If the fund is redeemed on Friday afternoon, the redemption will be successful on the following Monday. If the fund is redeemed before 3:00 pm on Friday, the share will be determined on the next Monday and the shares will be redeemed on the next Tuesday.
If the redemption is after 3 o'clock on Friday, it will not arrive until next Wednesday.
Moreover, some funds have t+3 and some have t+4. You need to look at the redemption rules.
According to the Fund Law, the longest redemption time is T+7 trading days. Monetary funds generally receive 1-2 trading days after redemption; bonds, stocks, and mixed funds generally receive 3-4 transactions after redemption.
The amount will be credited on the same day; the specifics shall be subject to the regulations of each fund.
Generally, it takes about 4 working days for open-end funds to arrive.
Other overseas funds generally within 10 days.
Why can’t all funds be redeemed?
1. During the closed period of the fund, investors cannot perform redemption operations and can only wait for the end of the closed period before conducting redemption operations.
2. Large redemptions of open-end funds may be restricted and need to be redeemed in installments. For example, if an investor holds 100,000 shares of a fund and the maximum redemption of the fund on that day is 50,000 shares, the investor can
Redemption operations are conducted on two trading days.
3. During the trading suspension period of the fund, that is, during the period of suspension of subscription and redemption, all funds cannot be redeemed. The redemption operation can be carried out after trading is resumed.