Fund subscription fee: refers to the handling fee paid by investors when purchasing fund shares from fund managers during the fund's existence. At present, the calculation method of subscription fee in China is: (external deduction method)

Net subscription amount = subscription amount /( 1+ subscription rate)

Subscription fee = subscription amount-net subscription amount

China's "Pilot Measures for Securities Funds of Open-end Investment Funds" stipulates that open-end funds can charge subscription fees, but the subscription rate shall not exceed 5% of the subscription amount. At present, the subscription rate is usually around 1%, and there are corresponding discounts with the size of the subscription amount.