How is the fund redemption date calculated? Super detailed arrangement!

Fund subscriptions and redemptions usually require certain subscription and redemption rates. The calculation of the subscription rate is relatively simple. Some funds even waive the subscription fee. The redemption rate is mostly calculated in different grades based on the number of days the fund is held. So how is the fund redemption date calculated?

How to calculate the fund redemption date

1. Fund redemption confirmation date. The redemption confirmation date of ordinary fund products is T+1, that is, the redemption application is submitted on T day. Next Redemption shares are confirmed on one trading day. T-day refers to a trading day other than weekends and statutory holidays, and operations must be performed before 15:00 to be counted as a trading day on that day. Without taking into account holidays, the fund redemption confirmation dates are as follows: last Friday 15:00-Monday 15:00, Tuesday confirmation Monday 15:00-Tuesday 15:00, Wednesday confirmation Tuesday 15:00-Wednesday 15:00 , Confirmed on Thursday from Wednesday 15:00 to Thursday 15:00, confirmed on Friday from Thursday 15:00 to Friday 15:00, confirmed next Monday

The calculation method of the fund subscription confirmation date is the same as above.

2. Fund holding days The fund holding days are calculated from the subscription confirmation date and end on the natural day after redemption confirmation. For example, if you subscribe to a fund from 15:00 last Friday to 15:00 Monday, then Tuesday is the subscription confirmation day and the first day of fund holding. The fund will be held for 7 days by the next Monday, and the two weekend days will also be counted as holding days.

3. Fund redemption net value calculation date The fund redemption net value calculation date is calculated based on T day, that is, if you apply to redeem the fund on T day, then the net value will be calculated based on the T day net value. For example: if you apply to redeem the fund before 15:00 on November 27, the net value of the fund will be calculated as of November 27; if you apply to redeem the fund after 15:00 of November 27, the net value of the fund will be calculated as of November 28. It should be noted that fund redemptions are done based on the unknown price principle, and the net value of the fund seen when submitting a redemption application is the net value of the previous trading day. For example, November 27th displays the net value on November 26th. I hope the above information on how to calculate the fund redemption date will be helpful to everyone. Warm reminder, financial management is risky, so investment needs to be cautious.