Legal analysis: Subscription fee is a one-time fee that investors need to pay when they subscribe for funds during the fund raising period. Subscription fees are mainly used for various expenses incurred during fund raising, such as marketing, sales and registration. The specific subscription fee rate varies with different fund types, and is usually 1%-3% of the amount promised by investors. For example, if an investor buys a private equity fund with a subscription rate of 1%, the investor needs to remit10/10,000 yuan into the bank account. Some funds do not charge subscription fees.

Legal basis: Article 21 of the Interim Measures for the Supervision and Administration of Private Equity Funds, unless otherwise agreed in the fund contract, private equity funds shall be managed by the fund custodian.

If the fund contract stipulates not to manage private equity funds, the institutional measures and dispute settlement mechanism for ensuring the property safety of private equity funds shall be clearly defined in the fund contract.