Core Viewpoint - The article discusses the complexities of mutual fund redemption, emphasizing the importance of understanding the rules and timing involved to balance cash flow and profit protection. Group 1: Redemption Timing - The redemption time for mutual funds varies based on fund type, trading rules, and clearing processes [2] - Money market funds can achieve "instant redemption" with T+0 to T+1 timing [2] - Stock funds have a waiting period of T+1 to T+3 due to net asset value calculations and clearing processes [4] - Bond funds fall in between, with T+0 to T+2 redemption times [6] Group 2: Factors Affecting Redemption Timing - Redemption requests submitted before 15:00 on trading days typically result in next-day fund availability, while those submitted after are delayed by one day [12] - Legal holidays can extend redemption times to the next trading day [10] - Different sales channels can impact the speed of fund availability, with some platforms offering faster processing [11] Group 3: Strategies for Redemption - Investors are advised to submit redemption requests before 14:30 on trading days to avoid delays [8] - In cases of large redemptions exceeding 10% of fund size, companies may implement "delayed payment" clauses to protect remaining investors [14] - Emotional redemption during market volatility can lead to missed opportunities; a strategy of phased redemption can mitigate risks [16][18] Group 4: Cost Management - Redemption fees decrease based on the holding period, with significant savings for long-term holders [19] - Investors should be aware of "lock-up periods" and minimum holding requirements to avoid forced liquidation [20][22] - Understanding the fee structure and redemption rules can lead to more strategic investment decisions [23]