Redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through an agency require the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account. Investors need to fill in the application for repurchase, and indicate the name and number of units (or amount) of the repurchase fund. It usually takes about three to four working days for the repurchase money to be remitted to the bank account.

Subscription refers to the behavior of investors applying to buy fund shares after the fund is established. After the fund is closed, if you apply to buy an open-end fund, it is customarily called fund subscription to distinguish it from subscription during the issuance period. The subscription of the fund is to buy. Listed closed-end funds are bought in the same way as ordinary stocks. Open-end fund is the number you want to buy, divided by the net value of the fund on the day of purchase, to get the number of units to buy.