2. Subscription refers to the behavior of investors buying fund shares during the establishment and raising of funds.
Subscription refers to the purchase of fund shares from the fund manager after the fund is established.
Redemption refers to the act of fund investors selling fund shares to fund managers.
Under normal circumstances, the rate of purchasing funds during the subscription period is relatively more favorable than that during the subscription period. Funds purchased during the subscription period can generally be redeemed after the closed period, and the purchased funds should be redeemed on the second working day after the successful subscription. The interest generated during the subscription period is subject to the records of the registration center, and automatically converted into the investor's fund share when the fund is established, that is, the interest income increases the investor's subscription share.