1. What is capital settlement?
Before talking about the time in capital settlement, let's know what capital settlement is. Fund liquidation refers to the process that the fund management company multiplies the estimated amount of the net value of the fund unit by the number of investors' shares in accordance with the prescribed investment ratio, and pays it to investors after settlement. Generally speaking, if investors want to redeem their fund shares, they need to wait for the fund company to calculate the net value of the shares and pay the corresponding money to the investors.
Second, how to calculate the net value of the fund
The time of fund liquidation is often affected by the calculation time of fund net value. Under normal circumstances, fund companies will analyze the market conditions of the day every day to determine the net value of the fund of the day. The specific net value calculation formula is:
Net value = fund assets-fund liabilities (if any) ÷ total fund share.
Among them, fund assets include securities, cash and other assets held by the fund, and fund liabilities refer to various payables in the operation of the fund company. The total fund share refers to the sum of all fund shares issued by the fund company.
Third, the difference of liquidation time of different funds.
The fund liquidation time varies with different types of funds. According to the Administrative Measures for Fund Trust Business of the Ministry of Public Security, money funds, bond funds and hybrid funds are liquidated at T+ 1, while stock funds are generally liquidated at T+2, that is, within 2 days after purchase or redemption. Among them, the money fund has the fastest liquidation speed, and usually it can be completed on the same day or T+ 1.
Fourth, the factors affecting the speed of capital settlement
Although fund management companies are as efficient as possible in calculating net worth and liquidation, they are still affected by some factors. The two most important factors are the liquidity of fund assets and the normal operation of the trading market.
If the liquidity of the securities or other assets held by the fund is not high enough, it will be difficult for the fund company to realize it in time, which will prolong the liquidation time. In addition, if there are abnormal situations in the trading market, such as suspension and down limit, it will also affect the calculation and liquidation time of the fund's net value.
Verb (abbreviation of verb) conclusion
From the above analysis, we can draw a conclusion that there are many factors that affect the fund liquidation time, including fund type, fund net value calculation, fund asset liquidity, trading market and so on. If you are a beginner who wants to invest in funds, it is suggested that you fully understand the fund type, liquidation time, risk level and other related information before investing, so as to better control risks and obtain satisfactory returns.