First, you can open a securities account to trade funds;

Second, you can go to the bank to open a fund account to buy funds;

The third is to open an account on the fund company's website to buy funds.

Fund subscription refers to the behavior that investors open fund accounts in fund management companies or selected fund consignment agencies and apply for purchasing fund shares in accordance with the prescribed procedures. The number of subscribed fund shares is calculated on the basis of the net asset value of the fund shares on the subscription date, and the specific calculation method must meet the requirements of the relevant regulations of the regulatory authorities and be specified in the fund sales documents.

What is the difference between buying a fund on CITIC Securities and buying a fund on Alipay?

Because the fund actually has two channels, one is on-site and the other is off-site.

On-site funds can only be carried out through the on-site trading channels of brokers, so they can only buy and sell ETF, l of and other on-site shares in their own account-opening brokerage trading software.

There is also an OTC fund, which can be purchased by any affiliated company of OTC channel, as long as the affiliated company underwrites the fund.

General brokers not only provide the trading function of on-site share, but also usually apply for the underwriting business of off-site funds themselves.

So you will find some LOF funds, which can be bought and sold here in the on-site trading function of brokers, and can also be purchased and redeemed in the financial channel of brokers.

At present, the funds on Alipay are all OTC funds, so they only support the subscription and redemption business, and cannot trade the market share.

However, as far as OTC funds are concerned, the nature of purchase and redemption in Alipay is the same as that of brokers. The difference is that different underwriters may give different discounts on subscription fees, and different underwriters may have different redemption times. Many underwriters who arrive at the account at an ultra-fast speed provide value-added services to advance funds, trying to gain market competitiveness by subsidizing users.