1. Bank of Communications offers a discount of 0.6% for purchasing some funds; under normal circumstances, the subscription fee is 1.5%.
2. 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 subscription amount of open-end funds actually includes two parts: subscription fee and net subscription amount.
The subscription fee can be calculated as a certain percentage of the subscription amount or the net subscription amount.
The domestic practice is generally to calculate the subscription fee by multiplying the total subscription price (including fees) by the applicable rate and deduct it from the subscription payment.
3. Fund subscription refers to the act of investors opening a fund account at a fund management company or a selected fund agency and applying to purchase fund shares in accordance with prescribed procedures.
The number of fund shares subscribed is calculated based on the net asset value of the fund shares on the subscription date. The specific calculation method must comply with the relevant regulations of the regulatory authorities and be stated in the fund sales documents.