During the period of stock issuance, investors shall not revoke the subscription application that has been formally accepted. For the application for subscription and redemption submitted within the fund business processing time on that day, investors can submit the cancellation application and cancel it before 15: 00 on that day. Subscriptions cannot be revoked, but they can be purchased multiple times. Money purchased during the subscription period generally enjoys the interest rate of interbank deposits.
Extended data:
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.