Fund withdrawal, as the name implies, is to cancel the previous fund subscription or subscription operation. The withdrawal of funds can only be made for the transaction of the day, that is, the withdrawal can be made before 3 pm on the day of subscription or subscription. After this period of time, if you still decide to give up this fund, you can only choose the fund to redeem it.

If you apply to sell your fund shares at the published price and get back the cash, it 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 paid by holding all or part of the fund in hand and applying to sell it to fund companies for redemption. The redemption amount is the number of units selling the fund multiplied by the net value on the selling day.

Extended data:

According to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.

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