How many working days will the funds arrive?
According to the regulations of the CSRC, the redemption of non-QDI funds generally arrives within T+7 working days after the application is submitted, and the redemption of QDII funds generally arrives within T+ 10 working days after the application is submitted. Under normal circumstances, the redemption of monetary funds can be received within T+ 1 working day, and the redemption of bond funds and stock funds can be received within T+3 working days, which needs to be postponed in case of weekends and holidays.
How to calculate the redemption fee of the fund?
The redemption fee of each fund is different and can be roughly divided into two categories:
1, Class A fund: it is a back-end fee and suitable for long-term investment. There are management fees, custody fees and sales service fees, of which the management fees and sales service fees are lower, and the fees shall be deducted according to the proportion of the invested funds. Generally, the redemption of Class A funds will charge different fees according to the length of time, and some funds that have been held for more than one year will not charge redemption fees;
2. Class C funds: front-end expenses, suitable for short-term investment, including management fees, custody fees and sales service fees, among which the management fees and sales service fees are higher, and the expenses are deducted according to the proportion of invested funds. Class C funds are generally held for more than 30 days, and there is no charge for redemption.
It should be noted that no matter which fund is redeemed within 7 days, a handling fee of 1.5% will be charged.