The act of buying funds at the initial stage of fund raising is called subscription; The act of purchasing after the establishment of the fund is called subscription; 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. During the subscription period, funds are generally subscribed at the face value of 1 yuan, and the subscription rate is usually more favorable than the subscription rate.

One of the differences between subscription period and subscription period is interest. Interest means that during the fund raising period, because the fund has not yet been established, investors' money has not been invested in the fund company's account. Interest shall be calculated and converted into fund shares, which shall be recorded in the fund account. After the establishment of the fund, the purchased fund becomes an investment, and the risk is borne by the investor, so the interest cannot be calculated.