The establishment of a new fund generally goes through three stages: raising period, closing period and duration. The raising period can also be understood as the issuance period of the fund, ranging from 1 to 3 months. During this period, investors can subscribe for fund shares. If the subscription reaches the number of shares issued, then the fund company will choose to end the raising period ahead of schedule and enter the closed period.

The closure period is generally within 3 months, and investors can neither purchase nor redeem during the closure period. Although some foundations are open for subscription in the later period of the closed period, they are generally not open for redemption. After the end of the raising period, normal subscription and redemption can be carried out after entering the duration. Therefore, if investors find that the subscribed new fund cannot be redeemed, they can confirm whether the fund is in the raising period.

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Precautions:

Speaking of time, you must remember to avoid legal holidays. In the process of fund redemption, we must know how to calculate, because the national legal holidays are no longer in the process, so it is easy to delay the arrival time. If your own funds can't be used within seven days, your rights and interests will be discounted.

In general, the redemption time of open-end funds is about 4 working days, and other overseas funds are generally within 10 working days. It is worth noting that although the basic income is good and the risk is low, the investment will also have certain risks.

Baidu encyclopedia-fund redemption

People's Daily Online-Central Bank Securities Regulatory Commission rectifies "baby" funds: "T+0" redemption will be limited.