After the end of the fundraising period, the Foundation will enter a capital verification period of no more than 7 days. After the capital verification, the fund contract was formally established, and then the fund entered a closed period. At this time, the fund contract has come into effect, but during the closed period, the fund does not accept investors' requests to purchase or redeem fund shares, and investors can neither buy nor sell fund shares during this period.

Judging from the reality, many funds are open for subscription in the later period of the closed period, that is to say, at this stage, investors can subscribe for funds according to the net asset value of the funds, but they cannot redeem their fund shares. According to the Securities Investment Fund Law, the closed period of the fund shall not exceed 3 months.

Extended data

The fund closure period is mainly aimed at open-end funds, and the fund has successfully raised enough funds. After the fund contract comes into effect, investors' applications for fund share redemption will not be accepted for some time. During this period, the net value of funds will generally change, but different types of investment funds present different profit and loss situations, and the specific funds are analyzed in detail.

Low-risk funds such as money funds and bond funds have high security, stable expected returns and generally little losses; For high-risk funds, especially index funds and stock funds, their prices change greatly, and even in the closed period, there may be losses.

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