Purchasing funds generally refers to a way for people with spare money to invest. They use their temporarily unused money to buy funds for investment in order to maintain value and earn profits.

Generally, fund investors will be involved in three types of taxes: (1) Income tax, which is levied on investors’ dividends and capital gains. (2) Transaction tax, the tax that the fund needs to pay when trading. (3) Stamp tax, the tax that must be paid on relevant documents in the transaction. my country currently does not levy income tax on fund dividends and capital gains of individual investors. The investment income obtained by institutional investors should be incorporated into the taxable income of enterprises and levied corporate income tax. The investment object of the fund is the securities market. The fund manager has paid various tax rates prescribed by the stock exchange when investing, so investors do not need to pay transaction tax when subscribing and redeeming open-end funds. Investors buying and selling funds are temporarily exempt from stamp duty.

The process in which investors purchase fund units during the fundraising period of an open-end fund and when the fund has not yet been established is called subscription. Investors subscribing to funds should fill out a subscription application form at the fund sales point and pay the subscription payment. The registration institution shall handle the relevant procedures and confirm the subscription.

After the establishment of an open-end fund, the process of investors applying to purchase fund units from the fund management company through the sales agency is called subscription.