1. Cancel the subscription on the same day: applying for a refund on the same day after purchasing a private equity fund can usually be regarded as canceling the subscription on the same day. At this point, you have the opportunity to get a full refund and the funds will be returned to your account.
2. Cancel the subscription the next day: If you apply for a refund the next day after purchasing a private equity fund, you may be treated differently. The specific treatment may be different according to the regulations of private fund managers. Some private fund managers may accept the refund request the next day, but they may charge a certain refund fee or follow specific refund regulations. Other private fund managers may not accept the refund request the next day, that is, you can't cancel the subscription and ask for a refund the next day. Please note that different private fund managers may have different regulations on cancellation and refund. Before subscribing for private equity funds, it is recommended that you read the relevant contracts, terms and descriptions in detail to understand the relevant refund policies and regulations. In addition, if you need a refund, you'd better contact the private fund manager or relevant institutions in time to get accurate refund information and guidance.