Can the fund be redeemed on holidays?
Funds cannot be redeemed on holidays, but only on trading days. Generally speaking, it is impossible to redeem funds on holidays, because during this period, the business of exchanges and fund companies is often suspended and it is impossible to provide services for investors. However, during holidays, investors can apply for redemption, and the application form will be submitted on the first working day after holidays, so the redemption funds will be calculated according to the net value announced on the evening of the working day. For example, the Labor Day holiday is from April 29th to May 3rd, and investors apply for fund redemption on the first day of the Labor Day holiday. If May 4th is Thursday, the investor's redemption application will be submitted on May 4th, and the redemption funds will be calculated according to the net value on the night of May 4th. It should be noted that if it happens to be a weekend instead of a post-holiday working day, the redemption application will be postponed to the first working day after the weekend.
What are the rules for fund redemption?
On normal working days, fund redemption needs to pay attention to the following points:
1, redemption application time: fund companies usually specify a specific redemption application time every day, and investors need to submit redemption applications within the specified time and wait for confirmation.
2. Redemption fee: Some fund companies will charge a certain redemption fee. The specific charging standards and methods need to be carefully read the fund contract and product specifications.
3. Redemption amount and share: Fund companies usually stipulate minimum and maximum redemption amount and share requirements. Investors need to determine the specific redemption amount and share according to actual demand.
4. Arrival time of funds: After fund redemption, the arrival time of funds usually depends on the processing speed of fund companies and banks, which generally takes 1-3 working days.