Fund raising period is the issuance period of the fund, during which investors can subscribe for the fund at will. After the subscription period of the fund ends, the number of subscription shares of the fund will be limited. If the number of shares is reached in advance, the raising period can be ended in advance.
The difference between fund subscription and subscription
The act of buying funds at the initial stage of fund raising is called subscription; The act of purchasing a fund after its establishment is called subscription; 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. During the subscription period, funds are generally subscribed at the face value of 1 yuan, and the subscription rate is usually more favorable than the subscription rate. One of the differences between subscription period and subscription period is interest. Interest means that during the fund raising period, because the fund has not yet been established, investors' money has not been invested in the fund company's account. Interest shall be calculated and converted into fund shares, which shall be recorded in the fund account. After the establishment of the fund, the purchased fund becomes an investment, and the risk is borne by the investor, so the interest cannot be calculated.
Legal basis:
Article 66 of People's Republic of China (PRC) Securities Investment Fund Law
The fund manager shall purchase and redeem the fund shares every working day; If there are other provisions in the fund contract, those provisions shall prevail. The investor pays the subscription money and the subscription is established; Subscription takes effect when the fund share registration institution confirms the fund share. The fund share holder submits the redemption application, and the redemption is established; Redemption takes effect when the fund share registration institution confirms redemption.
Article 87 of the People's Republic of China (PRC) Securities Investment Fund Law shall be offered to qualified investors, and the total number of qualified investors shall not exceed 200. The QFII mentioned in the preceding paragraph refers to the units and individuals that have reached the specified asset scale or income level, have the corresponding risk identification ability and risk-taking ability, and their fund share subscription amount is not less than the specified limit. Specific standards for qualified investors shall be formulated by the the State Council Securities Regulatory Authority.