Is the fund subscription calculated according to the net value of the day?
The net subscription value of the fund is calculated according to the subscription confirmation date. If investors buy before the trading day 15, the fund will calculate the share according to the closing net value of the day. If they buy after 15, the fund will calculate the share according to the closing net value of the next fund trading day.
It should be noted that fund transactions are usually not conducted on weekends and legal holidays, but investors can also submit applications, but they will not take effect until the next working day. For example, if you buy a fund after Friday afternoon 15, it will not take effect until next Monday, then the subscription of the fund will be calculated according to the closing net value of next Monday. Of course, if there is a long holiday, the fund subscription will be delayed for a few days.
After the fund subscription is completed, the share will be confirmed on the second trading day, and the income will be calculated after the share is confirmed.