Different securities companies have different commission rates. For example, the commission rate for an investor in a certain security is 0.03%. When the price of the fund on the market is 2 yuan, he buys 2,000 When the market fund rises to 2.5 yuan, all the stocks will be sold. The handling fees incurred by investors when buying and selling it = buying commission fee + selling commission fee = 2×2000×3/10002.5×2000×3 /10000=2.7 yuan.

It is one of the important responsibilities of the fund manager of an open-end fund to handle the subscription and redemption business of fund shares. At the same time, as a professional financial management institution, fund managers should focus their work on the investment and operation of fund assets to maximize their expert financial management advantages. In addition, although this law has strict requirements on the capital, business facilities and personnel of fund managers, handling the subscription and redemption of fund shares requires a large number of talents and institutions, as well as a strong sales network and settlement system. In order to enable the fund manager to focus on the investment and operation business of fund assets, expand the offering volume of fund shares, and facilitate investors to handle the subscription and redemption business of fund shares, the fund manager, in addition to handling the subscription and redemption business of some fund shares by itself, , or you can entrust commercial banks, securities companies and other institutions to use their business networks to handle the subscription and redemption of fund shares.

The registration of fund units refers to the fund unit registration agency handling the subscription, subscription, redemption and other situations of fund units for investors. Fund unit holders and fund unit holders Registration of changes in the amount of fund units held, and registration of changes in the rights and interests of fund unit holders due to fund dividends. In order to enable fund managers to focus on the investment and operation business of fund properties, expand the number of fund shares for sale, and facilitate investors to handle fund share registration matters, fund managers, in addition to handling fund share registration business themselves, can also entrust commercial banks, registration and settlement Companies and other institutions use their business networks to handle fund share registration services. If the fund manager entrusts others to handle fund share registration matters, the main responsibilities of the institution that accepts the entrustment of the fund manager to handle fund share registration business are: establishing and managing investor fund share accounts; responsible for the registration of fund shares; fund transactions Confirm; distribute dividends as an agent; establish and maintain a register of fund share holders; register other duties stipulated in the agency agreement.