In the process of investment and financial management, new fund subscription refers to the purchase of funds during the initial fund raising period. During the subscription period, the subscription funds will bear interest at the bank deposit rate, and the interest income will be owned by the investors at the end of the subscription period after withholding interest tax. So, can the new fund be revoked after subscription?

Can the new fund be revoked after subscription?

Like other funds in the stock market, off-site subscription supports withdrawal before the day 15:00. If you subscribe in the market, whether you can successfully withdraw the order is subject to the results returned by the exchange. Among them, the LOF fund of SSE supports the withdrawal of orders before 15:00 on the same day. There are no clear rules for other funds to explain whether the bill can be withdrawn, and the result of direct withdrawal shall prevail. If the funds are still frozen after withdrawal, and there is no record of successful withdrawal in the transaction inquiry, it means that the withdrawal of the fund's on-site subscription is not supported.

In addition, during the share offering period, investors shall not cancel the subscription application that has been formally accepted. For the application for subscription and redemption submitted within the fund business processing time on that day, investors can submit the cancellation application and cancel it before 15: 00 on that day. Subscriptions cannot be revoked, but they can be purchased multiple times. Money purchased during the subscription period generally enjoys the interest rate of interbank deposits.