Fund redemption adopts the principle of unknown price, and the share of redemption application is not equal to the amount received. The fund company will take the net value after the application date as the benchmark, multiply the redemption share and deduct a certain redemption fee, which is the actual amount received.

According to the definition of operation, fund redemption, also known as fund selling, is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account.

Extended data

monetary limitation

1. If the balance of fund shares held by fund share holders is less than 1000 due to a redemption, all fund shares in the balance must be redeemed together.

2. The fund manager may, according to the market situation and with the permission of laws and regulations, adjust the above-mentioned quantitative restrictions on the subscription amount and redemption share. Before the adjustment takes effect, the fund manager must make an announcement on at least one designated media and the fund manager's website, and report to the China Securities Regulatory Commission for the record.

Fund redemption time

The subscription and redemption of the fund shall start within 3 months after the fund contract comes into effect, and the fund manager shall make an announcement on at least one designated media and the fund manager's Internet website (hereinafter referred to as the "website") 2 days before the specific date of subscription and redemption. Fund redemption generally requires two working days for system confirmation and then liquidation. The fund subscription and redemption can only be said to be successful if it is confirmed by the T+2 system.