Redemption means selling the fund. Except for the newly issued funds in the closed period, the purchased funds can be redeemed at any time, and the money will arrive in the account three days after the redemption is successful.

Fund conversion refers to a business model that investors can directly convert their fund shares into the fund shares of other open-end funds managed by the company after holding any open-end fund issued by the company, without redeeming the fund shares they hold before purchasing the target fund. Investors can handle fund conversion in any sales organization, sell the transferred fund and transfer it to the target fund at the same time. The two converted funds must be managed by the same fund manager represented by the seller and registered in the same registration institution.

Fixed investment is the abbreviation of fixed-term investment fund, which refers to investing a fixed amount (such as 500 yuan) in a designated open-end fund at a fixed time (such as the 8th of each month), similar to the bank's deposit and withdrawal method. People usually refer to funds mainly as securities investment funds.