After the fund purchase fails, the money will be returned to the account. After the fund raising fails and the fund custodian fails to meet the effective conditions of the fund contract, the fund manager shall bear the following responsibilities:

1, with its inherent property to bear the debts and expenses arising from the raising behavior;

2. Return the money paid by the investor within 30 days after the expiration of the fund raising period, and add the interest of the bank deposit for the same period.

The legal consequences of invalid fund contracts should not be borne by the investors who buy the fund shares, but by the fund managers who sell the fund shares. These consequences include:

1, bear the maintenance expenses. Investors who purchase fund shares do not bear the debts and expenses arising from fund raising, and all of them are borne by the fund manager with his inherent property. The debts and expenses mentioned here include the expenses for examining and approving the application for raising funds, the expenses for hiring intermediaries such as accounting firms and law firms, the sales expenses of sales organizations, the expenses for publicity and promotion, and the debts borrowed to pay the above expenses.

2. Return the subscription money and pay the corresponding interest. The fund manager shall, within 30 days after the expiration of the fund raising period, fully return the money actually paid by the investor to subscribe for the fund share, and at the same time pay the investor the interest loss of the paid money, that is, the interest on bank deposits in the same period.