Is the fund held for seven days, including Saturday and Sunday?

Fund investment must calculate its holding days, because sometimes holding days too short will lead to punitive redemption fees. Generally, if it is held for less than 7 days, there will be a punitive redemption fee of 1.5%, and the rate of 1.5% is the highest rate of the fund.

The fund is held for seven days. Does Saturday and Sunday count?

Counting, the first day of the fund's holding for seven days is calculated from the confirmed share of the fund, and the weekends and holidays during the period are calculated within seven days; If an investor buys a fund at 3 pm on Monday and sells it before 3 pm next Monday, he will hold the fund for 7 days, and the day when the fund confirms its share is the first day. The holding time of the fund is calculated according to the natural day, which is different from the working day on the trading day of the fund, and it is not traded on holidays.

Days of fund holding = share confirmation date of fund redemption-purchase confirmation date-1, which can be calculated when calculating the holding days of OTC funds; Days of fund holding = redemption confirmation date-purchase confirmation date. The number of days of fund holding can be calculated like this. Under normal circumstances, the holding days of the fund are calculated from the date of subscription confirmation to the day before the date of redemption confirmation, and the specific holding days need to be calculated by the fund company itself.

OTC funds implement the t+ 1 day system. The funds purchased by Alipay, WeChat and Tian Tian Fund Network are all off-site funds, and the third-party platforms are basically off-site funds. On-site funds need to be purchased at trading venues. When investors buy floor funds, they need to open a stock account before trading.

Fund redemption is also based on the t+ 1 day system. Therefore, if the fund is redeemed before 3 pm that day, it needs to be received the next day and calculated according to the net value of the fund on that day. Redeem the fund after three o'clock in the afternoon, and the fund will arrive on the third day, which is calculated according to the net value of the fund on the second day.