The external deduction method aims at the subscription amount, that is, the total investment. The subscription amount includes subscription fee and net subscription amount, and the calculation formula is as follows (the specific charging method and rate standard of a single fund are subject to the relevant provisions in its offering announcement and prospectus):

Subscription fee = subscription amount × subscription rate

Net subscription amount = subscription amount-subscription fee

Subscription share = net subscription amount/par value of fund unit

The internal deduction method is aimed at the actual subscription amount, that is, the net investment amount. The calculation formula is as follows (the specific charging method and rate standard of a single fund shall be subject to the relevant provisions in its offering announcement and prospectus):

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

Subscription fee = net subscription amount × subscription rate

Subscription share = (subscription amount-subscription fee)/par value of fund share

Published in March 65438+May 2007: Recently, the Fund Department of China Securities Regulatory Commission issued a notice to fund management companies and fund custodian banks, requesting to modify the calculation method of subscription and subscription fees of funds. According to this notice, the fund company will use external deduction in the future.

External deduction method means that investors will buy more fund shares with the same money than internal deduction method.

& ltbr & gt

& ltbr & gt Subscription share of internal deduction method = (15000-15000 *1.5%)/1.52 = 9720.39 copies.

& ltbr & gt Subscription share by external deduction method = (15000/(1+1.5%))/1.52 = 9722.58 copies.