How long does it take to buy a fund and sell it?

T-day: trading day, which is bounded by 1 5:00 every day. The day before 15:00 (excluding) is t, and the day after 15:00 (including) is T+ 1. Weekends and legal holidays are non-trading days, subject to the successful payment time.

For the application on T day, the share shall be confirmed according to the net fund value on T day. The first profit and loss can be viewed after the fund net value is updated on the day of share confirmation. Open-ended redemption funds can be sold on the next T day after subscription confirmation.

Funds are generally sold according to the first-in first-out rule, and some funds are sold according to the last-in first-out rule. The fund sales expenses are related to the holding period, and the actual expenses are subject to the confirmation of the fund company. Redemption calculation formula:

Total Redemption = Redemption Quantity xT Day Net Redemption Fee of Fund Share = Total Redemption X Redemption Rate Redemption Amount = Total Redemption-Redemption Fee

Extended data:

Three principles are followed in fund trading:

1, the principle of "unknown price":

When investors buy and sell funds, they are priced according to the net value of the funds on the trading day.

The net value of the fund is usually announced the next day, so we don't know what the net value of the fund is at the time of trading.

Investors can inquire through the website of the fund company or related newspapers.

2. The principle of "first in, first out":

The holding period of each fund share at the time of redemption is calculated separately.

The application time and details of each transaction of the fund holder are recorded in the registration system and the electronic system of the sales organization.

Fund redemption is based on the principle of "first in, first out", that is, the fund bought first is redeemed first.

The corresponding relationship between the holding period of fund shares and the redemption rate can be found in the prospectus of relevant funds.

3. The principle of "amount subscription and share redemption":

That is, the subscription is applied according to the amount, and the redemption is applied according to the fund share. ?

Reference source: Baidu Encyclopedia-Fund