How many days does China Merchants Bank receive the redemption fund?

Funds bought at China Merchants Bank can only be redeemed through China Merchants Bank. First, you can submit a redemption application, online or at the counter, and then wait for the settlement of the fund company. Many people want to know how long it will take for the bank to get the money after redeeming the fund.

How many days does China Merchants Bank receive the redemption fund?

1-4 trading days. The redemption time of monetary funds is 1-3 trading days, and the redemption time of non-monetary funds is generally 4 trading days, which is postponed every holiday. The time of redemption is subject to the fund company. If it has been redeemed but has not arrived, it is recommended to wait patiently and try to check the expected arrival time through the fund redemption transaction.

After redemption, China Merchants Bank will automatically check whether the current balance has arrived in the current account. If you can't confirm, you can also query through the current transaction details.

Fund subscription and redemption adopt the principle of unknown price:

For purchases/redemptions made before 1 trading day 15: 00, the transactions are based on the net value of that day, and the net value of that day needs to be inquired on the next trading day.

2 The purchase/redemption after trading day 15:00 is regarded as the transaction of the next trading day, and the net value of the transaction can only be found on the third trading day.

3 The deduction date (T date) of the fixed investment of the Fund is the application date of the fund subscription, and the net value of the fund on that day is the transaction price.

What if the fund redeems the wrong fund?

Since fund trading is an investment activity, there is a risk of principal loss when buying a fund. The fund management and fund settlement are completed by the fund company, and there may be transaction fees (charged by the fund company) when purchasing and redeeming. If there is any doubt about the amount received after redemption, it is recommended to contact the fund company for verification.

The fund redeemed in the fund needs to deduct the handling fee. Although banks do not charge fees, fund companies will charge management fees. As long as the handling fee is, it is recommended to look at the product description of the fund, which is generally related to the holding time of the fund.