What is the formula for fund redemption? How to calculate the redemption time of the fund

If the redemption is submitted before 3 o'clock on the trading day, it is sold according to the net value of the day, and the net value announced by the company in the evening shall prevail. 3 points.

Subsequent submissions are calculated on the next trading day's equity.

The open-ended method of subscribing to the open-ended ** adopts the unknown ** method, that is, when you buy the open-ended**, you buy it with a fixed amount, for example, you want to buy 100,000 yuan**, but you don't know how many copies you can buy for the time being, and how much each copy is. And when you sell **, you are determined by the share, that is, when you sell, you sell 5000 copies**, but you don't know how much these ** are sold for the time being. In addition to holidays, the company generally announced it on the same night.

Suppose the redemption of 1,000 shares, the net value of the yuan is announced that night, and the redemption rate is announced.

Redemption fee = (1000 shares * RMB.)

Subscription 1000 yuan, subscription fee.

Calculation method of subscription ** handling fee: subscription = 1000 yuan - 1000 yuan (1 + yuan.)

In March 2007, the Ministry of the China Securities Regulatory Commission issued a notice to all ** management companies and ** custodian banks, requiring ** managers to adjust the calculation methods of the ** subscription (subscription) fees and subscription (subscription) shares under their management in accordance with the "external deduction method" from the date of issuance of the notice.

The specific calculation formula of the "external deduction method" is as follows: net subscription amount subscription amount (1 subscription rate).

The subscription and redemption fee rate has a different proportion for each company, but in any case, the subscription and redemption can only be charged at one end, that is, deducted at the time of subscription or redemption, which has been prompted when you subscribe. It is worth reminding that most people hope that they can buy **up**, and the ** that has risen will of course be larger than the original number when they were bought at the time of redemption, so that the handling fee paid at the time of redemption is relatively less. List:

If a person buys a ** for 1,000 yuan, the **price of this ** is yuan. According to the calculation, if you subscribe for 1000 yuan and pay a handling fee, there will only be 1000 yuan left (2% of the handling fee is deducted), and you can only buy 980 copies (the extra 100 yuan will be left in you, because the purchase of **subscription and ** purchase are in units of 100). If the ** you buy rises from yuan to yuan, then there will be 800* in your **, and the remaining 100 yuan should have 1140 yuan in it.

This money is your own, and you don't have to pay a handling fee when redeeming, and you have a total profit of 140 yuan. If you don't pay the handling fee when you subscribe, 1000 yuan to buy** for the yuan**, you can buy 900 copies (there is still 10 yuan left), if you buy** rises to the yuan, then your ** has a total of 900 * funds, plus the original remaining 10 yuan, a total of 1180 yuan. If you want to redeem ** at this time, the handling fee is calculated as 1170 * yuan, redeem a few yuan, plus the original 10 yuan, a total of yuan, and a win-win benefit.

Under normal circumstances, if you apply for redemption on the trading day, the redemption time is subject to the application (arrival) time.

Take 15:00 as the time node of Yinghui, redeem before 15 o'clock, confirm the net value announced by the company after the same day, and the net value of the day can be found after 19:00 that night;

Redemption after 15:00**, and the net value announced by the company will be confirmed after ** on the next trading day.

Currency** and short-term debt** are generally redeemed within two working days, and others** are generally received within five working days.

Extended Information] 1. **Redemption Net Value.

The valuation of the net value of the unit refers to the estimation of the net asset value of the asset value of the unit according to a certain amount of the value, and the net value of the unit on the day of redemption is the net value of the redemption day, and the redemption amount is calculated according to the net value of the unit on the day.

2. How to calculate the net redemption value.

Generally speaking, the net redemption value is, the total redemption amount = the number of redemption shares The net value of the **share spine grip on the redemption day is according to the above calculation formula, for example: an investor invests**, after a period of time, the investor decides to redeem**, at this time**The number of redemption shares is 100,000 shares, and the net value of the unit on the day is, and belongs to the **trading day, then**The total net value of redemption is:

The total redemption amount is ** total net value of redemption = 100,000 * according to the calculation, the total amount of redemption is ** total net value of redemption is 132,000.

3. What time does the redemption generally arrive?

The redemption time is generally T+1 day, that is, the redemption is applied for before 15:00 on the trading day, and the funds will arrive after 15:00 to 24:00 on the next trading day.

Some currency** products can be quickly arrived under certain conditions, for example, the single account transfer of Yue Bao is less than 10,000 yuan in a single day, and the transfer bank can quickly arrive within 2 hours within 2 hours of service.

Note: **, the arrival time of Hong Kong base will be longer, and the redemption time of QDII** may reach 10 working days.

2.**The redemption time of the company and third-party distribution platforms such as Alipay is faster, and the redemption of bank consignment usually takes one more working day, for example, apply for redemption before 15:00 on T day, and the redemption funds can only arrive on T+2 day.

The redemption time is calculated as follows:

The subscription and redemption shall be processed within no more than 3 months after the effective date of the Contract, and the Manager shall make an announcement on the Internet of at least one designated ** and **Manager (hereinafter referred to as "**") 2 days before the specific date of the start of the subscription and redemption. **Redemptions generally take two business days to be confirmed by the system before being liquidated. **The subscription and redemption can only be said to be successful after being confirmed by the system on T+2 days.

The general open-ended redemption process is as follows: T+1 has not been reported, T+1 has been reported, and T+2 has been completed. **The subscription and redemption can only be said to be successful after being confirmed by the system on T+2 days.

It is normal for the order to be unreported on the day (T day), even if the order is placed at about 2:50, as long as there is a record in the commission query, it will generally become reported on the second trading day (T+1 day) and become completed on the third trading day (T+2 day). After that, it will be liquidated.

Therefore, it is generally open ** to about 4 working days. Other overseas** is generally within 10 days.

**The calculation date of the redemption net value is calculated on T day, that is, the redemption is applied for on T day**, then the net value is calculated on the net value on T day. For example: November 27 at 15:

If you apply for redemption before 00, then it will be calculated according to the net value on November 27, and if you apply for redemption after 15:00 on November 27, it will be calculated according to the net value on November 28.

Extended Materials

Redemption, also known as buyback, is an open-ended**, in which the investor requests a partial or full withdrawal from the **management company in his own name or through an institution, and remits the repurchase money to the investor's account. What people usually refer to as ** mainly refers to ** investment **.

Redemption Method. On a single open day, when the redemption application exceeds 10% of the total share of the previous day, it is a huge redemption. When a large redemption application occurs, the manager can choose to deal with it in the following two ways:

Redeem in full. When the manager believes that it has the ability to redeem the redemption application of the investor, it shall be executed according to the normal redemption procedure.

Partial redemption. ** The Manager will distribute the redemption amount of the Investor on a pro-rata basis at a rate of not less than 10% of the total number of Units; If the investor fails to redeem the part, the investor shall make an express indication of postponing the redemption or canceling the redemption when submitting the redemption application. The default method of the registration center is to cancel the redemption by the investor.

If you choose to postpone redemption, it will be automatically transferred to the next open day to continue redemption until it is fully redeemed; If you choose to cancel the redemption, the part of the application that has not been redeemed on the same day will be revoked. The deferred redemption application will be processed together with the redemption application on the next open day, without priority, and the redemption amount will be calculated based on the net value of ** units on that open day.

In the event of a huge redemption and deferred payment, the ** manager shall notify the investors within the time specified in the prospectus in the manner specified in the prospectus (such as the company**, the outlets of the sales agency, etc.), and explain the relevant handling methods, and at the same time make an announcement on the ** formulated by the China Securities Regulatory Commission.

In the event of a continuous large amount of redemption, the Manager may suspend the acceptance of redemption applications in accordance with the Deed and the Prospectus; The redemption application that has been confirmed by the accepted unit can postpone the payment of the redemption amount, but shall not exceed the normal payment time of 20 working days, and shall be announced on the ** formulated by the China Securities Regulatory Commission.

Redemption Fee Broadcast.

The redemption fee is charged when the investor redeems the ** share, and the deduction is deducted.

Correlation**. Correlation**.

The balance after marketing, registration fees and other handling fees shall be the property of **. 25% of the redemption fee goes to the property. **The redemption rate is not higher than and decreases with the holding period.

Holding Period: Redemption rate.

Within 1 year. More than 1 year (inclusive) 2 years.

More than 2 years (inclusive) 0

Note: For redemption fee purposes, 1 year refers to 365 days and 2 years refers to 730 days.

Redemption rates vary depending on the holding period. If the holding time is less than 7 days, the redemption rate is based on the redemption amount; If the holding period is more than 7 days, but not more than 1 year, the redemption rate is; If the holding period is more than 1 year but less than 2 years, the redemption rate is; If the holding time is more than 2 years, the redemption rate is 0. In addition, each ** product may be different, and the redemption rate may not be set in full accordance with the standard.

The redemption fee refers to the handling fee that investors need to pay to the company when they sell their shares.

After the investor sells**, the actual amount is the part of the total redemption minus the redemption fee. The calculation formula is: total redemption number of redemption shares ** net value of shares on the day of redemption.

When investors intend to redeem the counterparty, they can bring the debit card and ** transaction card of the opening bank, and also fill in and submit the transaction application form before 3 pm, and after the counter is accepted, the investor can inquire after 5 days and the redemption funds will be received.

**Redemptions are based on the net value on which day.

**Redemption response is calculated according to the following formula: Redemption Fee = **Share Now**Net Redemption Rate. The redemption shall be handled by the manager or the service agency entrusted by it, and the investor shall pay the subscription money, and the subscription shall be established; When the share registration agency confirms the shares, the subscription takes effect.

1. What is the difference between open and closed.

There are generally four differences between open and closed, as follows:

1. The duration of existence is different. There is no fixed period for open-ended, and investors can redeem ** units from the **manager at any time; The closed type ** usually has a fixed closure period, generally 10 or 15 years;

2. The scale variability is different;

3. Redeemability is different. Open-ended** is legally redeemable. Investors can have a period of time after the initial offering ends. The period shall not exceed 3 months at the longest, and the redemption application shall be submitted at any time;

4. The calculation standard of transaction ** is different.

2. What is the difference between subscription and subscription.

There are generally three differences between subscription and subscription, which are as follows:

1. The purchase time is different. The purchase behavior at the time of the first offering is subscription, and the purchase behavior after the basic establishment is subscription;

2. The time of redemption is different. The subscription can only be redeemed after a closed period, and the subscription must be redeemed on the second working day after the successful subscription;

3. The ** purchased is different. The ** units applied for purchase during the fundraising period are collectively called subscriptions, and the ** purchased is ** units.

3. The equity pledge of non-listed companies is registered in **.

The equity pledge of a non-listed company shall be registered with the administrative department for industry and commerce. If the shares or equity are pledged, the parties shall enter into a written contract. If the equity registered by the ** share or ** registration and clearing institution is pledged, the pledge right shall be established from the time when the ** registration and clearing institution handles the registration of the pledge.

If other equity is pledged, the pledge shall be established when the administrative department for industry and commerce handles the registration of the pledge, and the equity pledge of the non-listed company shall be registered with the administrative department for industry and commerce.

Article 65 of the Investment Law of the People's Republic of China.

The subscription, redemption and registration of open-ended ** shares shall be handled by ** manager or the ** service agency entrusted by it.

Article 66.

The manager shall handle the subscription and redemption of **shares on every working day; **If the contract stipulates otherwise, such agreement shall prevail.

The investor pays the subscription money, and the subscription is established; When the share registration agency confirms the shares, the subscription takes effect.

Daily redemption calculation method: The redemption payment amount is the redemption amount minus the redemption fee.

Among them, the redemption amount = the number of redeemed shares on t day**net value of the unit; Redemption Fee = Redemption Amount Redemption Rate; Payment amount = redemption amount refers to the redemption fee.

Taking the redemption of Huakai Da'an Innovation ** as an example, for example: according to the redemption rate announced by Huaan Innovation**, it will be charged uniformly. Suppose investor A redeems 1,000 units of **Weisun Jian, and the net value of ** on day T is RMB, then A's:

Redemption amount = 1000 yuan, redemption fee = 1255 yuan, payment amount = 1255 yuan.