2. If you apply to sell the fund shares you hold at the published price and recover the cash, it is customarily called fund redemption. Redemption of the fund is selling. Listed closed-end funds are sold in the same way as ordinary stocks. Open-end fund is the price for applying to sell all or part of your fund to a fund company to redeem you. The redemption amount is the number of units selling the fund multiplied by the net value on the selling day.
3. The calculation formula of fund subscription is: subscription fee = subscription amount × subscription rate. Subscription share = (subscription amount-subscription fee) ÷ Net value of the fund unit on the application date. The calculation formula of fund redemption is: redemption fee = redemption share × net value of fund unit on redemption day × redemption rate.