When you buy a fund, you will deduct the principal and then convert it into the share you hold. The share is calculated according to the net value of the fund at the time of subscription confirmation. The share will not change during the holding process, but the net value will change. When selling, the funds will be calculated according to the holding share and net value.

How long can the fund be sold after buying?

You can sell it after you confirm the share. Off-exchange funds can apply for selling after buying and confirming their share, but the funds do not arrive immediately. On-market funds are bought on T day, and can be sold on T+ 1 day, except for T+0 trading. The funds sold on T day will be received immediately, and will be received on T+ 1 day.

The redemption time of each fund product is different:

1 general monetary fund T+ 1 working day;

2. Non-monetary funds arrive in T+3 working days (some non-monetary funds support quick redemption, and the fund company can realize T+ 1 arrival after confirmation);

3QDII funds will arrive in T+7 or T+9 working days.

If the trading time is between 09:30- 15:00 on the opening day of fund trading, T day is the trading day; If the trading day is not within the above range, T day is the latest fund trading opening day after trading. If the redemption time of fund products exceeds the arrival time, you can contact the customer service of the fund company for consultation or check whether the account status is normal.

Finally, it is suggested that buying funds is similar to buying stocks, but the holding time of buying funds should not be too short, because the short-term selling cost is very expensive, and investors who hold funds for less than 7 days need a redemption fee of 1.5%, which is very uneconomical.