There is also a fund subscription, which is generally T+ 1 working day to confirm the share, and T day refers to the working day of fund subscription. If it is a QDII fund, it usually takes T+2 working days. If you subscribe for a new fund, you need to wait until the fund is raised.
Subscription and subscription are both acts of applying for purchasing fund shares, and the difference lies in the time frame and subscription price: applying for purchasing fund shares during the issuance and raising period before the establishment of the fund is called subscription, and the subscription price is the fund unit price; After the establishment of the fund, the application for subscription of fund shares is called subscription, and the subscription price is the net value of fund shares on that day.
References:
Subscription-Baidu Encyclopedia