If you sell the fund at night, you need to submit the selling instruction on the next trading day and calculate the redemption amount according to the net value announced in the evening of the next trading day. Therefore, if investors sell the fund at night, if the net value of the fund falls in the next trading day, investors will lose money; On the other hand, if the net value of the fund rises in the next trading day, investors will make a profit.

On the other hand, if the investor redeems the fund before 15:00 on the same day, the redemption fund is calculated according to the net value announced that night, and its profit and loss have nothing to do with the next trading day.

When the fund is redeemed, it needs to charge a certain redemption fee, and its rate is related to the holding days. The lower the holding days, the higher the rate. If the holding days are less than 7 days, it will be charged according to the standard of 1.5%. The longer the holding days, the lower the rate, and even the redemption rate is 0.