2. The fund issuance date refers to the date when the fund promoters sell the fund at various sales outlets. At this point, investors can "subscribe" this fund at the sales outlets. About subscription and redemption: If you apply to buy an open-end fund after the fund closed period, it is customarily called fund subscription to distinguish it from subscription during the issuance period. If you apply to sell your fund unit at the published price and get back the cash, this is usually called fund redemption.