One-year funds are divided into two types, one is a one-year holding fund and the other is a one-year fixed-term fund.

The redemption of one-year holding fund needs to be counted from the time of purchase, and it can only be redeemed after holding for one year. The redemption of one-year fixed-term funds usually takes place within one week after one year. If we miss this opening period, the transaction will have to wait for another year. Therefore, the types of funds held are different, and the redemption time is different.