There are three ways to purchase and redeem open-end funds, and investors can choose the most suitable way according to their own conditions.

1, third-party settlement mode

One of the main use modes of online application (subscription), subscription and redemption of open-end funds is the UnionPay mode, which is also commonly referred to as the third-party settlement mode. Simply put, it is a model involving fund companies, UnionPay and banks. Users need to apply for UnionPay cards, the network of fund companies and the network connection of UnionPay, and settle accounts through UnionPay and related banks. Compared with other modes, the prospect of UnionPay mode is broader, and the insiders call it the real online application (recognition) subscription and redemption of open-end funds.

2. Silver-based communication mode

The second mode is the "silver-based link" mode similar to "Bank-Securities Link". This model is one-to-one, that is, the cooperation between fund companies and consignment banks. Investors use the bank card of the bank to register as a "Yinjitong" user on the bank's website, and then use the bank card to apply for (approve) the fund products that cooperate with the bank. Take China Merchants Fund's online application for subscription and redemption as an example. The Yinjitong model is that customers apply for a bank card (all-in-one card) after opening an account in China Merchants Bank, and then they can use this card to open a capital account in China Merchants Bank, and finally apply for (recognize) subscription and redemption directly through China Merchants Bank.

3. Network link mode

The third mode, network link mode, can also be called additional mode. This mode is an online trading mode based on the first two basic technology platforms and trading modes. It has little innovation in technology, and its essence is still the first two basic models. The additional mode is mainly embodied in two forms: online fund supermarket; Fund group purchase.