Yes, the fund can be revoked before the share is confirmed. If the fund is redeemed before 3 pm on the trading day, the fund must be revoked before 3 pm on the same day and after 3 pm on the trading day, and the fund must be revoked before 3 pm on the second trading day.
If the fund has confirmed the share, the funds redeemed by the fund will be automatically transferred to the investor's account, which will generally arrive within 1-3 working days (subject to each fund).