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The difference between the price of on-site fund subscription and direct purchase

The price difference between on-exchange fund subscription and direct purchase is:

On-exchange fund subscription is calculated based on the net value of the fund after the market closes on that day, and a handling fee of nearly 1.5% is charged.

When buying in the direct market, the price on the day is constantly fluctuating, but generally the market price of LOF funds has a certain discount (about 1%) to its net value, and only a commission of no more than 0.3% is charged. , so on-site fund subscription is not as suitable as buying directly in the market before the market closes. However, you need to go through the custody transfer procedures before redemption.