The redemption operation before 1 the day 15: 00 is calculated based on the net fund value announced after the closing of the day; Redemption orders declared after 15:00 are subject to the closing price of the next day. Fund companies need to settle funds after receiving the instructions to redeem customers, so it takes some time to redeem funds.
2. Even if the same fund is sold in different banks, the redemption time of the fund will be different. Generally speaking, the redemption time of money funds is "T+ 1", and the redemption time of stock funds is generally "T+5" or "T+7".
It is worth investors' attention that the T here refers to the redemption application submitted before 3 pm on weekdays. The fund redemption time is calculated according to working days. In case of Saturday and Sunday, the arrival time will be delayed.
4. Fund redemption generally takes two working days to be confirmed systematically and then liquidated. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system.
5. The general redemption process of open-end funds is: failure to report on T day, completion on T+ 1 daily newspaper and T+2 day.
Extended data
At present, it takes t+4 to redeem stocks, zj and allocation funds through bank channels, which means at least 4 working days, while the redemption time of money market funds is t+2.
(1) It is recommended to avoid subscription and redemption before holidays.
(2) The fund's transit time is calculated according to working days, excluding legal holidays.
(3) For example, the money fund is redeemed on the last trading day before the Golden Week, and the funds can only be received on the second working day after the seven-day holiday, which is essentially T+8; If the purchase is made on the last trading day before the Golden Week, the transaction will not be completed until after the holiday. During the Golden Week, there is neither deposit interest nor money fund wealth management income.