The applicant sells the fund share in his hand at the published price and gets back the cash, which is customarily called fund redemption.

Redemption of the fund is selling. Listed closed-end funds are sold in the same way as ordinary stocks. Open-end fund is the price for applying to sell all or part of your fund to a fund company to redeem you. The amount of redemption proceeds is the number of units that sell the fund multiplied by the net value on the day of sale, and then the redemption fee is deducted.