How to redeem the fund

Fund redemption is the last step of trading funds. Fund redemption is the reverse process of subscription, that is, selling fund units to recover funds. Similar to the subscription process, investors can issue redemption instructions to fund companies through direct selling and consignment agencies to redeem. Although the business details of each fund management company may vary, fund redemption is generally divided into the following steps:

(1) Issue redemption instructions: customers can issue redemption instructions through fax, telephone, Internet, or in person to the direct sales center of the fund company or the outlets of the sales agency.

(2) Redemption price benchmark: the redemption price of the fund is the net value of the fund on the day of redemption, plus the redemption fee. Suppose an investor redeems 10000 units of a fund, and the corresponding redemption rate is 0.5%. If the net asset value of the unit is 1.0198 yuan, the actual redemption amount is: redemption fee = 1.0198 × 10000 × 0.5% = 50.99 yuan, redemption amount = 1.0198 × 10000-50.99 = 10147.01 yuan, that is to say, if an investor redeems 10000 units of a fund, if If the net asset value of the fund is 1.0198 yuan, the redemption amount is 10147.01 yuan.

(3) Redemption payment: when an investor redeems the fund, he cannot get the payment on the trading day. The payment will be transferred out three to five days after the trading day and no later than seven days. Investors can ask the fund company to remit the redemption money directly to their bank account or send it to investors in the form of cheques. Under normal circumstances, the fund manager shall not refuse or suspend the redemption application of the fund investors, unless there are the following circumstances:

① Force majeure.

② The stock exchange is closed abnormally during trading hours.

③ In case of continuous huge redemption due to drastic market fluctuation or other reasons, resulting in difficulties in cash payment of the fund, the fund manager may suspend accepting the redemption application of the fund.

④ Other circumstances permitted by laws, regulations and rules or other special circumstances specified in the fund contract and approved by the CSRC.

In case of any of the above situations, the fund manager shall immediately file with the CSRC on the same day. The fund manager will pay the accepted redemption applications in full; if the payment cannot be made temporarily, it will be distributed to the redemption applicants according to the proportion of the accepted redemption applications to the total accepted redemption applications, and the rest will be cashed on subsequent working days. At the same time, in the case of "continuous large amount redemption due to drastic market fluctuation or other reasons" mentioned in paragraph 3 above, which leads to difficulties in cash payment of the fund, the redemption payment can be postponed for the accepted redemption application, and the maximum payment time shall not exceed 20 working days, which shall be announced on the designated media.