During this period, the fund management company sells funds to investors through the company's direct selling agencies or banks and other consignment agencies to raise funds. At this stage, investors can only buy fund shares and cannot sell them. The subscription price is the net value of shares (1 yuan), and the cost of purchasing fund shares is called subscription fee.

Due to the hot sales of open-end funds since last year, in order to avoid the inconvenience caused by the excessive amount of funds raised, funds generally stipulate a certain share limit (such as 65.438+000 billion), and the excess will not be confirmed. Due to the recent boom in fund sales, the regulatory authorities recently issued a notice requesting that the new fund subscription application exceed the established limit and be placed in proportion.

Extended data:

Fund subscription transaction mode

Fund purchase is divided into subscription period and subscription period. The initial offering of fund shares is called fund raising, and the purchase of fund shares during fund raising is called fund subscription. The general subscription period is up to one month. After the end of the raising period, investors apply to buy fund shares, which is usually called fund subscription.

Subscriptions during the fund-raising period will generally enjoy certain preferential rates. Take Hua Fu's competitiveness whose price is lower than 1 10,000 as an example, the subscription rate is 1.0%, while the subscription rate is 1.5%. However, funds purchased during the subscription period can only be redeemed after the closure period. This time is used by fund managers to open positions and cannot be bought or sold, but the purchased funds can be redeemed on the second working day.

Baidu encyclopedia-fund closure period