Fund redemption fee = total redemption amount × handling fee rate.

After the investor sells the fund, the actual amount obtained is the total redemption amount MINUS the redemption fee. The calculation formula is:

Total redemption amount = number of redemption shares × net value of fund shares on the redemption day (1)

Redemption cost = total redemption amount × redemption rate (2)

Redemption amount = total redemption amount-redemption fee (3)

The redemption amount is the actual confirmed effective redemption share multiplied by the net value of the fund share on the day of application and the corresponding expenses are deducted, rounded to two decimal places, and the assets represented by the rounded part belong to the Fund.

Extended data:

The general redemption process of open-end funds is: T day is not reported, T+ 1 has been reported, and T+2 has been completed. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system.

It is normal to display the uncommitted orders on the submission date (T date). Even if the order is placed around 2:50, as long as records are found in the entrusted inquiry, it will generally be submitted on the second trading day (T+ 1 day) and completed on the third trading day (T+2). And then after liquidation. Therefore, open-end funds generally take about 4 working days. Other overseas funds are generally within 10 days.

Baidu encyclopedia-fund redemption