What is fund subscription?
Fund subscription refers to the process of investors buying fund shares during the period of raising open-end funds and before the establishment of funds. Usually, the subscription price is the face value of the fund share (1 yuan/share) plus certain sales expenses. Investors who subscribe for this fund shall fill in the subscription application form and pay the subscription fee at the fund sales point.
Fund subscription transaction mode
Fund purchase is divided into subscription period and subscription period. The initial offering of fund shares is called fund raising, and the purchase of fund shares during fund raising is called fund subscription. The general subscription period is up to one month. After the end of the raising period, investors apply to buy fund shares, which is usually called fund subscription.
Subscriptions during the fund-raising period will generally enjoy certain preferential rates. Take Hua Fu's competitiveness of less than 1 10,000 yuan as an example. The subscription rate is 0, and the subscription rate is 0, but the funds purchased during the subscription period generally have to go through a closed period before they can be redeemed. This time is used by fund managers to open positions and cannot be bought or sold, but the subscribed funds can be redeemed on the second working day.
How is the fund subscription procedure?
On the first day of official issuance, investors participate in the subscription in three steps:
The specific steps are as follows:
Step 1: Open an account.
(a) individual investors account opening procedures:
When applying for opening a fund account, an individual investor shall generally provide the following materials:
1. my identity document;
2. My bank current deposit account or corresponding bank card in the city where the agency outlet is located;
3. A complete account opening application form.
(two) institutional investors to open an account:
Institutional investors can choose to go to the direct sales center of the fund management company limited or the agency outlets designated by the fund management company to handle the account opening procedures:
When applying for opening a fund account, an institutional investor shall provide the following materials:
1. Fill in a complete application for opening a fund account;
2. The original and photocopy of the business license of the enterprise as a legal person, and the original and photocopy of the registration certificate issued by the civil affairs department or the competent department, which are provided by the enterprise as a legal person, social organizations or other organizations;
3. The original and photocopy of the bank account opening license or bank account opening declaration form of the designated bank account;
4. Power of attorney of legal person;
5. Stamp the reserved seal on the reserved seal card;
6. The original identity certificate of the agent who came to apply for opening an account.
Matters needing attention in fund subscription and account opening
Because different open-end funds have different contents when releasing the prospectus, the specific precautions for opening an account shall be subject to the announcement of the corresponding fund.
To sum up, it is to introduce fund subscription. Do you know what fund subscription is now? Investment funds have corresponding expected returns, but investment still needs to be cautious!