How many days does it take to confirm the subscription funds? What is the calculation formula of fund subscription fee? After purchasing the fund, the expected annualized expected return will not start immediately, but it will take some time to confirm. There is also a special formula about the subscription cost of funds.

The confirmation time of fund subscription is generally T+2 days, but the specific time should be determined according to the time when investors submit subscription applications. The subscription application submitted at 3: 00 pm every working day is traded at the net value of the day, and the subscription share can be viewed after 2 working days. Applications submitted after 3: 00 pm every working day will be sold on the next working day, and the purchase share will take another 2 working days to know. Purchase applications submitted during holidays or weekends shall be traded with the net value of the first working day thereafter, and the purchase share shall be inquired after 2 working days.

There are two formulas to calculate the fund subscription fee. How many fund units can I actually buy with a subscription amount? The formula for calculating this problem is:

Subscription fee = subscription amount × applicable subscription rate

Net subscription amount = subscription amount-subscription fee

Subscription quantity = net subscription amount/net fund share value on the subscription day.

If you want to know the applicable rate based on the net purchase amount, you only need to make a small conversion:

Rate applicable to the net subscription amount = rate applicable to the subscription amount ÷( 1- rate applicable to the subscription amount)

For example, if the applicable rate is 2% according to the subscription amount, then the applicable rate is 2% ⊙ (1-2%) =