Most fund companies have implemented a new fund redemption policy: a redemption fee of 1.5% will be charged if the holding period is less than 7 days (excluding).

the 1.5% punitive rate charged by the fund will eventually be included in the net value of the fund, that is, 1.5% will be deducted from the rate of return, which is still relatively uneconomical in the fund.

holding a fund for seven days means that the natural days between buying and selling the fund reach seven days, including weekends and various legal holidays. Remember, it's seven days, not seven working days. To be more specific, it is the first day from the date of subscription confirmation of the fund to the day before the date of redemption confirmation, and the holding days in the middle are the final decision on whether to charge the penalty fee.

Extended information:

FIFO and LIFO rules of funds

FIFO and LIFO are two ways of fund redemption order, just as a fund has purchased multiple transactions, FIFO gives priority to the product share purchased first, and LIFO gives priority to the product share purchased later. Different confirmation order will affect the redemption fee rate.

In general, it is the first-in-first-out rule, but some funds are last-in-first-out. This depends on the fund prospectus of the fund you bought, which will explain the trading rules in detail. These two different trading rules will bring two different results.

For example, Lao Wang subscribed for 1, copies of a fund before 3 pm on February 14th, 22, and subscribed for 1, copies of a fund before 3 pm on February 17th. If he sold 1, copies on February 21st according to the first-in-first-out rule, he would be charged at the second rate, not 1.5%.

if you follow the LIFO rule, if you sell 1 copies on February 21st, you will be charged at the rate of 1.5% for the first gear. If LIFO is used, the share of this fund will be charged at the second rate only when it is sold on February 24th.