Subscription fee = subscription amount × applicable subscription rate?
Net subscription amount = subscription amount-subscription fee
Subscription quantity = net subscription amount on the day of subscription/net fund share.
This calculation method is very common in overseas markets such as the United States. The advantage of this method is that the calculation is relatively simple when using the "unknown price method"; In addition, because the decreasing rate is generally used according to the increase of subscription amount, it can avoid the unfair phenomenon that investors who buy less may actually pay more than investors who buy more according to the net subscription amount.
2. The above is the general calculation method for overseas markets such as the United States. As mentioned in the above analysis, its calculation method makes the collection of its fees extremely unreasonable. In the past, China also adopted the above calculation method. After years of struggle, the CSRC decided to change the calculation of subscription fee to the following formula, and calculate the subscription fee with the net subscription amount:
Subscription fee = net subscription amount × applicable subscription rate?