2. Redemption fee refers to the redemption fee that investors should pay to the fund company when they sell their fund shares to the fund company during the duration after the fund is established.
3. The difference between redemption fee and subscription fee.
(1) The similarity between the two is that the trading period is the duration of the fund after its establishment. The difference is that one is to buy the fund share of the fund company; One is the transaction of selling the fund shares held by the fund company.
(2) As the redemption rate and subscription rate are different, it can be seen from the following formula that the redemption fee and subscription fee are also different:
Redemption fee = total redemption amount x redemption rate
Subscription fee = net subscription amount x subscription rate
Usually the subscription rate is 1.5% and the redemption rate is 0.5%, that is, the subscription rate is higher than the redemption rate. Therefore, it can be seen from the above two formulas that when the total redemption amount is equal to the net subscription amount, the subscription fee is higher than the redemption fee. Moreover, in order to encourage investors to buy funds, the subscription rate usually decreases with the increase of subscription amount; In order to encourage investors to hold funds for a long time and reduce the redemption pressure of fund companies, the redemption rate decreases with the extension of investors' holding time, even to zero. So the subscription fee and redemption fee are also different.