Fund subscription refers to investors opening fund accounts in fund management companies or selected fund consignment agencies. Fund subscription refers to the process of investors buying fund shares during the period of raising open-end funds and before the establishment of funds. Bian Xiao compiled the subscription and subscription of the fund here for your reference. I hope everyone will gain something in the reading process!

Fund subscription

It refers to the process of investors buying fund shares during the period of raising open-end funds, when the funds have not been established. Usually, the subscription price is the face value of the fund share (1 yuan/share) plus certain sales expenses. Investors who subscribe for this fund shall fill in the subscription application form at the fund sales point and pay the subscription fee.

Fund subscription

It refers to the behavior that an investor opens a fund account in a fund management company or a selected fund consignment agency and applies for purchasing fund shares in accordance with the prescribed procedures. The number of subscribed fund shares is calculated on the basis of the net asset value of the fund shares on the subscription date, and the specific calculation method must meet the requirements of the relevant regulations of the regulatory authorities and be specified in the fund sales documents.

What is the mode of fund subscription?

Fund subscription can be divided into four ways: online cash subscription, offline cash subscription, offline combined subscription and online combined subscription.

Online cash subscription refers to the subscription made by investors in cash through the online system of the Exchange through the sales organization designated by the fund manager.

Off-line cash subscription refers to investors' cash subscription through fund managers and their designated sales organizations.

The subscription of off-line portfolio securities means that investors subscribe for portfolio securities through the sales organization designated by the fund manager.

Online subscription of portfolio securities means that investors subscribe for portfolio securities through the online system of the exchange through the sales organization designated by the fund manager.

What are the ways of fund subscription?

1. If the fund has been opened in the account of a securities company qualified to sell new funds on a commission basis, investors in the fund account of the company can directly transfer the funds into the fund account and subscribe for the funds on the trading software of the securities company.

2. The fund account of a bank qualified to sell new funds on a commission basis can be subscribed directly at the bank counter.

3. Subscribe to the direct sales outlets of Xinfa Fund Company.

4. If the new fund allows online subscription, it can be subscribed on the website of the fund company.

If investors are novices and want to subscribe for the fund, they need to choose one of the ways, and go through the account opening procedures first.

What is the difference between fund subscription and subscription?

Fund purchase is divided into subscription period and subscription period. The initial offering of fund shares is called fund raising, and the purchase of fund shares during fund raising is called fund subscription. The general subscription period is up to one month. After the end of the raising period, investors apply to buy fund shares, which is usually called fund subscription. Subscriptions during the fund-raising period will generally enjoy certain preferential rates. Take Hua Fu's competitiveness whose price is lower than 1 10,000 as an example, the subscription rate is 1.0%, while the subscription rate is 1.5%. However, funds purchased during the subscription period can only be redeemed after the closure period. This time is used by fund managers to open positions and cannot be bought or sold, but the purchased funds can be redeemed on the second working day.

Which is better, subscription or subscription?

Subscribe for "White Horse" Fund

Because the subscription fund has a closed period of several months, there is almost no operating income in these months, and how the fund will operate after the closed period is still unknown. Therefore, when choosing the subscription method, it is necessary to have a deep understanding of the subscribed fund, including the expected investment composition of the fund, the reputation of the fund company, and the qualifications of the fund manager. If you think this fund is a potential "white horse", you can boldly adopt the subscription method at this time. In addition, the subscription and subscription rates of the same fund are different. In order to pursue the initial amount, the prescribed subscription rate is generally lower than the subscription rate.

For example, for a fund of 50,000 yuan, the subscription rate is 1%, while the subscription rate is 1.8%, a difference of 0.8%% percentage points. So from the perspective of saving money, if you are optimistic about a certain fund, try to subscribe at the time of issuance.

Buying can avoid "stepping on thunder"

Now more and more people tend to subscribe for funds, because if you are not sure about the subscribed funds, you are likely to step on a "mine" and cause great losses to your investment. By subscribing, we can wait and see the performance of this fund after it has gone out of the closed period. Although the subscription fee is relatively expensive, it can avoid and resolve investment risks as much as possible. In particular, the money fund, because the fund will announce the 7-day annualized income every day after the opening period, the income gap between funds is large. In this case, comprehensive measurement and preferential subscription will be more conducive to improving investment income.

"Curve" Subscription and Smart Subscription

Once the fund is subscribed or purchased, it should not be redeemed or replaced in a short time. One of the important obstacles is the high redemption rate and subscription rate. However, at present, in order to attract investors, major fund companies have preferential treatment for various fund conversions within their own companies. In addition, money funds can purchase, purchase or redeem freely, so making good use of these two resources flexibly and investing in open-end funds by "curve" purchase can achieve the purpose of convenient replacement and cost saving. Take a fund as an example. According to the regulations of fund companies, the company's monetary funds can be converted into stock funds or balanced funds, and the conversion rate is only 1%. However, the subscription rates of these two funds are above 1.5%.

Therefore, first buy money funds by subscription or subscription, and then convert them into stock funds or balanced funds that you are optimistic about. In this way, you spent the money subscribed, but achieved the financial management effect of purchasing selected funds.

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