1. The act of purchasing a fund during its initial offering is called subscription, and the act of purchasing a fund after its establishment is called subscription.

2. differences.

Under normal circumstances, the rate of purchasing funds during the subscription period is relatively more favorable than that during the subscription period.

Funds purchased during the subscription period can generally be redeemed after the closed period, and the purchased funds should be redeemed on the second working day after the successful subscription.

The interest generated during the subscription period is subject to the records of the registration center, and automatically converted into the investor's fund share when the fund is established, that is, the interest income increases the investor's subscription share. During the subscription period, funds are generally subscribed at the face value of 1 yuan, and the subscription rate is usually more favorable than the subscription rate.

One of the differences between subscription period and subscription period is interest. Interest means that during the fund raising period, because the fund contract has not been established, the investors' money has not been invested after reaching the fund company's account, so interest should be calculated and converted into fund shares and included in the fund account. After the establishment of the fund, the purchased fund becomes an investment, and the risk is borne by the investor, with no interest calculated.