In the initial stage of new fund issuance, the subscription during the raising period is called subscription.

At this stage, the fund you purchased is purchased with a net value of 1 yuan.

The number of funds you purchased = (your money handling fee)/1.

Subscription:

The fund has passed the initial raising period (usually 3 months), and buying a fund is a subscription.

At this stage, the general net value of the fund you bought has changed, which is calculated according to the net value of the fund at the close of the day.

The number of fund shares you purchased = (your money handling fee)/the net value of the fund on that day.

Redeem: to buy back

The investor directly or indirectly requests the fund management company to withdraw part or all of the investment from the fund in his own name, and remit the repurchase money to the investor's account.