The difference in confirmation time for fund purchases

As the number of people buying funds gradually increases, basic questions about funds are also emerging one after another. One of the most common problems is - the confirmation time for fund purchases Why is it so long? In response to this problem, the editor compiled a list of long fund purchase confirmation times, hoping to answer your questions.

It takes a long time to confirm the purchase of a fund

How long it takes to confirm the purchase of a fund depends on the situation and the fund rules. Generally speaking, most funds are The T+1 confirmation rule means that if you buy on Monday, it will be confirmed on Tuesday.

If it is Friday, if the purchase is before 15:00, then it will be confirmed on the next Monday. If the purchase is after 15:00, then it will be confirmed on the next Tuesday. Saturday, Sunday, The confirmation time will be postponed during holidays, so when you buy, you should read the fund rules and understand the fund confirmation time.

If the fund rule is T+2, then the time to confirm the purchase of the fund will be extended. To give a simple example: assuming it is purchased on Monday, then it will be confirmed on Wednesday. If it is If you buy before 15:00 on Friday, it will not be confirmed until the next Tuesday, and the confirmation time on Saturdays, Sundays, and holidays will be postponed.

Can a fund purchase pending confirmation be canceled?

Whether a fund purchase pending confirmation can be canceled depends on the situation. Generally speaking, if you have just purchased, there is a possibility of cancellation. It is relatively large. If it can be revoked, there will usually be a revoke page. If it cannot be revoked, there will be no revoke page.

Be careful when buying a fund. If you are not sure about buying, then don’t buy. Otherwise, when the purchase confirmation cannot be revoked, you can only redeem it. The fund is owned. It is a risky investment, and if the fund is redeemed in the short term, the handling fee is relatively high. If the fund does not make a profit, it is not cost-effective to lose money in handling fees.

When buying a fund, you should pay attention to the direction of the fund's investment. Here is a simple example: assuming you are investing in a stock fund, you need to look at the stocks that the stock fund has a heavy position. If the fund has a heavy position If stocks are rising, then stock funds will also rise. If the stocks in the fund's heavy holdings are falling, then stock funds will also fall. Therefore, everyone should pay attention to the direction of the fund's investment target and analyze whether there is room for growth and Does it have prospects? If not, don’t invest.

What should I do if the fund I bought has not yet been confirmed?

According to Article 20 of the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds": The fund manager should , within three working days from the date of redemption application, the validity of the subscription and redemption will be confirmed, except for special fund types specified by the China Securities Regulatory Commission.

So if an investor purchases the day before a holiday, the share confirmation time will become longer. Investors can:

1. Cancel the purchase order, usually before the share is confirmed. If you cancel it at the time, the funds will be credited to your account on the same day. After receiving the funds, you can wait until the market opens on the next trading day to re-subscribe.

After buying a fund or making a fixed investment in a fund, it can be withdrawn and revoked pending confirmation, but it is best to do it on the same day. Fund share confirmation is generally on T+1 day, unless otherwise specified. If canceled on T+1 day, it may not be successful.

2. Do not cancel and continue to wait for share confirmation. Generally, the open-end fund share confirmation time is T+1 day, so the fund company will confirm the share on the first trading day after the holiday.