I. Registration and account management
((1) Prepare materials. Personal investment needs to prepare relevant identity documents (such as ID card, military officer's card, soldier's card, armed police card, etc.). ); Enterprise investment requires the company's business license and other relevant documents; If you entrust others to open an account, you also need the agent to open a fund account with the power of attorney and the effective certificate of the agent at the fund agent bank or securities company. (2) open an account. You can buy it over the counter or online. It should be noted here that after the purchase operation process is completed, please check whether the funds in the bank account have been deducted in time. If the deduction is unsuccessful, it means that the operation failed and needs to be re-operated. (3) Existing fund accounts can be handled through other sales organizations. In this case, you only need to fill in the opened fund account number in the account opening information column.
Second, subscribe.
((1) When an open-end fund is approved by the CSRC for the first time, investors buy the fund. (2) Investors can only subscribe for funds at one sales outlet. (3) The subscription price of the Fund is the face value of the issued fund unit plus a certain subscription fee. (4) The interest generated during the subscription period shall be owned by the fund unit after the establishment of the fund. 5) The fund manager shall report the raising situation to the China Securities Regulatory Commission for the record.
Third, buy
(1) Open-end funds are subscribed according to the amount. Once the subscription application is accepted, the amount will be deducted from the fund account. (2) After the sales outlets handle the procedures for deducting subscription funds, they shall provide the investors with the receipt for accepting the application. (3) The fund manager may set subscription restrictions or stop subscription applications under special circumstances. (4) Due to some special circumstances of individual accounts, the fund manager may not accept individual subscription applications. (5) The subscription of the fund will end at 3: 00 pm every trading day. If investors trade according to the net value of the day, they need to complete the subscription process before 3: 00 pm.
Fourth, redemption.
(1) Redemption application is redeemed in the fund unit. (2) After the sales outlets freeze the fund shares that investors require to be redeemed, they shall provide investors with the receipt for accepting the application. (3) Open day fund holders can redeem for many times.
The process from raising funds to investing in open-end funds has gone through the following three periods: raising period, closing period and normal subscription and redemption period. During these three periods, investors will buy and sell fund shares in different ways. The first experience is the feeding period. During this period, fund management companies sell funds and raise funds through company direct selling agencies or bank agencies. During this period, investors can only buy and cannot sell fund shares. The subscription price is the net value of shares (1 yuan), and the cost of purchasing fund shares is called subscription fee. After the end of the fundraising period, it will enter a closed period, and the fund contract has come into effect. However, during the closed period, the Fund cannot accept investors' requests for subscription or redemption of fund shares. During this period, investors can neither buy nor sell fund shares. Judging from the reality, many funds open their subscriptions at the end of the closed period, that is to say, at this stage, investors can subscribe for funds according to their net asset value, 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. After the closure period, the fund can accept subscription and redemption at the same time, which enters the normal subscription and redemption period. Investors can purchase and redeem open-end funds according to the daily net share.