Fund subscription refers to the behavior that investors open fund accounts in fund management companies or selected fund consignment agencies and apply for purchasing fund shares in accordance with the prescribed procedures. The number of subscribed fund shares is calculated on the basis of the net asset value of the fund shares on the subscription date, and the specific calculation method must meet the requirements of the relevant regulations of the regulatory authorities and be specified in the fund sales documents.
Extended data:
Extended data:
1. Fund agencies are divided into five categories, namely commercial banks, securities companies, futures companies, securities investment consulting institutions and independent fund sales institutions.
Two, the agency fund sales need to meet the following conditions:
Article 9 of the Measures for the Administration of Sales of Securities Investment Funds: Commercial banks, securities companies, securities investment consulting institutions, independent fund sales institutions and other institutions specified by the China Securities Regulatory Commission shall meet the following conditions when applying for the qualification of fund sales business:
1, with sound governance structure, perfect internal control and risk management system, and effectively implemented;
2. The financial situation is good, and the operation is standardized and stable;
3. Having business premises, safety precautions and other facilities suitable for the fund sales business;
4. It has safe and efficient technical facilities for fund sales, subscription and redemption, and meets the relevant requirements of the China Securities Regulatory Commission on the information management platform for fund sales business. The technical system of fund sales business has been networked with the corresponding technical systems of the fund manager and China Securities Depository and Clearing Company, and the test results meet the national standards;
5. A perfect fund settlement process has been established, and the fund management meets the relevant requirements of China Securities Regulatory Commission on fund sales settlement fund management;
6. There is a method system for evaluating the risk tolerance of fund investors and the risk level of fund products;
7. Developed a sound fund sales business management system, such as business process, professional ethics of sales personnel and emergency measures, which meets the relevant requirements of China Securities Regulatory Commission on the internal control of fund sales institutions;
8. Having an anti-money laundering internal control system that meets the requirements of laws and regulations;
9. Other conditions stipulated by China Securities Regulatory Commission.
Three, the difference between fund direct sales and consignment:
1. There is no agency fee for fund direct sales, which is more favorable than the fund consignment rate. Fund direct selling is a way to buy and sell funds through fund companies or their websites. The subscription and redemption are carried out directly on the fund company or the fund company's website, not through the outlets of banks or securities companies.
2. Fund consignment is an investment business of financial institutions, which is called open-end fund consignment business. This business refers to an intermediary business in which a financial institution accepts the entrustment of a fund manager, signs a written consignment agreement, sells open-end funds on behalf of the fund manager, accepts applications from investors for subscription, purchase and redemption of open-end funds, and provides supporting services.