1, different meanings: the fund subscription fee refers to the handling fee paid by users to the fund company when the fund has just been issued and is still in the closed period. Fund subscription fee refers to the handling fee paid by the user to the fund company after the fund is closed.

2. Different rates: the subscription rate of the Fund is 1%, and the usual rate of the Fund will not be discounted during the subscription period, and the subscription fee of 1% will be deducted directly at the time of subscription; The subscription rate of the fund is about 1.5%, and the subscription rate is usually discounted during the fund opening period.

Apply for purchase

Subscription refers to the investment behavior that investors apply to buy fund shares during the existence of the fund after its establishment.

Subscription rate

When investors subscribe for different funds, the subscription rate may be different due to the size of the subscription amount. Here, calculate the maximum rate.

The subscription amount of open-end funds actually includes two parts: subscription fee and net subscription amount. The subscription fee can be calculated according to a certain proportion of the subscription amount or the net subscription amount. The domestic practice is generally to multiply the total purchase price (including fees) by the applicable rate to calculate the purchase fee, and deduct it from the purchase amount.

Subscription fee

Subscription fee, referred to as subscription fee, refers to the fees that investors need to pay when they subscribe for funds.

Subscription fee = net subscription amount x subscription rate (1)

Net Subscription Amount = Subscription Amount-Subscription Fee (2)

Substituting (1) into (2), we can get:

Net Subscription Amount = Subscription Amount-Net Subscription Amount x Subscription Rate (3)

After moving the second item to the left, you can get:

Net subscription amount = subscription amount /( 1+ subscription rate) (4)

Subscription Share = Net Subscription Amount/Net Fund Share on the Subscription Day (5)

If it is an on-site subscription fund, the subscription share is only an integer part, and the decimal part is converted into an amount and returned to the investor. The relevant calculation formula is as follows:

Actual Subscription Share = Integer Part of Subscription Share (6)

Actual net subscription amount = actual subscription share × net value of fund share on the subscription day (7)

Refund amount = subscription amount-actual net subscription amount (8)