Subscription is the act of applying to purchase fund units.

Let’s take a fund as an example: If you apply to purchase fund units during the issuance and fundraising period before the fund is established, you can subscribe. The purchase price is the fund unit price.

Subscription refers to the behavior of investors applying to purchase fund shares during the period after the establishment of the fund and during the period when the fund is open for subscription.

After the fund closed period ends, if you apply to purchase an open-end fund, it is customary to call it a fund subscription to distinguish it from subscriptions during the issuance period.

Fund subscription means buying.

The buying method for listed closed-end funds is the same as that of general stocks.

For open-end funds, the number of units to be purchased is obtained by dividing the amount you want to subscribe by the net value of the fund on the day of purchase.

Redemption is generally used in the economic field, and mostly refers to funds. The applicant sells the fund units he holds at the published price and receives the cash. This is customarily called fund redemption.

The redemption of the fund is the sale.

Listed closed-end funds are sold in the same way as general stocks.

Extended information: Subscription fee: refers to the handling fee paid by investors when purchasing fund units during the fund issuance and fundraising period. The current domestically accepted calculation method of subscription fee is: subscription fee = subscription amount × subscription rate, net subscription amount = subscription

Amount - Subscription fee; the subscription fee rate is usually around 1%, with corresponding discounts depending on the size of the subscription amount.

Subscription and subscription are both actions of applying to purchase fund units. The difference lies in the time frame and purchase price when the purchase occurs: applying to purchase fund units during the issuance and fundraising period before the establishment of the fund is called subscription, and the purchase price is the price of the fund unit; in the fund

Applying to purchase fund units after establishment is called subscription, and the purchase price is the net value of the fund units on that day.

Subscription fee refers to the handling fee paid by investors when purchasing fund shares from the fund manager during the duration of the fund.

my country's "Pilot Measures for Open-End Investment Funds and Securities Funds" stipulates that open-end funds can charge subscription fees, but the subscription fee rate must not exceed 5% of the subscription amount.

The current subscription fee rate is around 1.5%, with corresponding discounts depending on the size of the subscription amount.

Fund subscription rate refers to the expense ratio that investors need to pay to purchase fund shares. When investors subscribe to different funds, the subscription rate may be different depending on the size of the subscription amount.

Here, the maximum rate is calculated.

The redemption of the fund is the sale.

Listed closed-end funds are sold in the same way as general stocks.

For open-end funds, you hold all or part of the fund and apply to sell it to the fund company to redeem your money.

The amount obtained from redemption is the number of units of the fund sold, multiplied by the net value on the day of sale, minus the redemption fee.