Fund subscription refers to the process of investors buying fund shares during the period of raising open-end funds and before the establishment of funds. Usually, the subscription price is the face value of the fund share (1 yuan/share) plus certain sales expenses. Investors who subscribe for this fund shall fill in the subscription application form and pay the subscription fee at the fund sales point.

Fund subscription refers to the behavior that investors open fund accounts in fund management companies or selected fund consignment agencies and apply for purchasing fund shares in accordance with the prescribed procedures. The number of subscribed fund shares is calculated on the basis of the net asset value of the fund shares on the subscription date, and the specific calculation method must meet the requirements of the relevant regulations of the regulatory authorities and be specified in the fund sales documents.

The difference between fund subscription and fund subscription

Difference 1. 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 below 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.

Second, the subscription and subscription of open-end funds are two different stages of purchasing funds. If investors buy fund shares in a fund raising period, it is called subscription, and the net value of each fund share is RMB 65,438+0 yuan.

After the fund raising period is over and established, investors purchase fund shares according to the procedures stipulated by the fund sales outlets, which is called subscription. At this time, because the net value of the fund has already reflected the value of its portfolio, the net value of each fund share is not necessarily 65,438+0 yuan, but may be higher or lower than 65,438+0 yuan, so the number of fund shares subscribed by the same asset and the same fund may be different.

Difference three. Subscription and subscription rates may be different. At present, fund companies usually set different levels of subscription and subscription rates, that is, different levels of rates are applicable according to the amount of funds subscribed by investors. Under the same subscription amount, the subscription rate and subscription rate may be different. Please refer to the fund rate statement for details.

Difference 4. Subscription refers to the behavior of investors applying to buy fund shares during the fund raising period. Subscription refers to the behavior of investors applying to buy fund shares after the fund is established.

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.

In the process of subscription, whether subscription or subscription, investors can submit subscription/subscription applications for many times during the trading hours, and the subscription/subscription fees of the registrant for investors are calculated separately according to a single trading account.

Generally speaking, however, during the stock issuance period, the subscription application that has been formally accepted by investors shall not be revoked. For the subscription application submitted within the fund business processing time of the day, investors can submit the cancellation application and cancel it before 15: 00 on the same day. The application cannot be cancelled after 15: 00.

Fund subscription adopts the principles of "amount subscription" and "unknown price". For transactions that are effectively subscribed on T-day, the subscription price is calculated according to the net value of fund shares on T-day. The net value of fund shares on day T shall be calculated after the market closes on day T and announced no later than T+ 1 day.