What is the subscription price of the fund?
Based on the actual transaction price, because the fund subscription follows the principle of unknown price trading, investors do not trade immediately after submitting the subscription application, and the calculation of subscription share will be confirmed only after the net value comes out. Buying before 15 pm and buying after 15 pm are two completely different concepts.
For example, if you buy a fund before Monday afternoon 15, then you must confirm the share on Tuesday, according to the net value calculated after the closing of the day of purchase. If you buy after Monday afternoon 15, it will be confirmed according to the net value calculated after Tuesday's closing, and it will not be confirmed until Wednesday.
After the end of the trading day, the fund company will calculate the total asset value of the fund according to the asset price invested by the fund, deduct all the costs and expenses of the fund on that day to get the net asset value of the fund on that day, and then divide it by the fund share on that day to finally get the unit net asset value of the fund.
The net value of the fund is actually the price of the fund, and the stock price depends on the company's fundamentals and investors' expectations for its future growth space; The net value of a fund depends on the value of assets such as stocks and bonds held by the fund.
It should be noted that the net value of a fund is not the main indicator for buying a fund. After all, buying a fund is not that the lower the net value, the better, but that the net value is rising. If you see that the fund's net value is cheap, it is likely to lead to losses in the later period, or it is difficult to make money by continuing to wander around the net value.