Subscription process of the fund
Feeding period
During the fund raising period, investors can apply for fund subscription through various fund consignment platforms, such as Tian Tian Fund and Alipay, and submit the subscription application after finding the fund. If the fund is not found in the search code of the consignment platform, the platform has no consignment, and you can also subscribe for the fund directly through the fund company.
From the submission of subscription application to the establishment of the fund, the subscription funds will enjoy the current income of the bank and will be directly settled and converted into fund shares.
Fund establishment
Under normal circumstances, the fund is formally established about one week after the end of the fund raising period. On the next working day after the establishment of the fund, investors can inquire about their subscribed fund shares in the position details.
Some foundations set a ceiling for raising funds. If the total subscription size exceeds the upper limit during the fundraising period, it will generally be placed in proportion, and the extra funds will be returned to the account according to the original path.
Open period
After the new fund is formally established, it will enter the opening period. The opening period is to construct the investment portfolio, put the cash assets of the fund into the corresponding investment varieties, and initially complete the investment and investment arrangements. Generally speaking, the opening period of the fund will not exceed three months. During the opening period, the foundation will publish its net value regularly, but it will not update its net value every day, and it may be published once a week, during which the fund share cannot be redeemed.
Open period
After the end of the opening period, the fund enters the normal opening period and can be purchased and redeemed normally.