As funds become more and more popular among public investors, new investors are confused when looking at the complicated fund terms and various professional terms. For example, what is the difference between the fund raising period and the opening period? Wait, let’s introduce to you the difference between the fund raising period and the opening period.

The establishment of a fund goes through four processes: fundraising period, closed period, operation period and open period.

The fund raising period refers to the raising period specified in the fund contract and prospectus. It generally ranges from one to three months from the date of sale of fund units, and the longest does not exceed three months. During this period, the fund company will sell funds through fund direct sales departments, agency sales agencies such as securities companies, banks, third-party institutions, etc. During the fund raising period, investors can only buy funds, which is also called fund subscription. The price for investors to subscribe to the fund is settled at 1 yuan based on the net value of the fund share. The total number of subscription shares of the fund is the amount stipulated in the fund's prospectus. If the number of shares is reached in advance, the fund's fundraising period can end early. If the number of shares raised exceeds the limit, it is called over-raising; if the scale of the fund raising does not reach the pre-announcement If the minimum establishment size is reached, the fund cannot be established. The subscription money will be returned to investors via the original route.

After the fundraising is completed, the fund will enter a closed position building period of no more than three months. After that, it will enter the open period in accordance with the fund contract.

The fund opening period, also called the fund opening day, is a working day during which investors can handle a series of operations such as account opening, subscription, redemption, account cancellation, loss reporting, and transfer of open-end funds. Open-end funds can only be redeemed during the period when the fund is open. The opening day of open-end funds in my country is the normal trading day when the exchange opens, and the processing time is the opening time of the stock market.

Therefore, the fundraising period and the opening period of the fund are both certain stages in the operation process, and there is no specific difference or connection between the two. Warm reminder: Financial management is risky, so investment needs to be cautious.