Close to the fund size, if the subscription is not restricted, it may exceed the issuance scale. For example, the size of a fund is 2 billion yuan. When the sales amount reaches1800 million yuan, or1500 million yuan, then the purchase is restricted. After all, the operation and manipulation of a fund will be set within a certain scale, which is for the convenience of the fund manager's control of this fund and for the fund manager to better invest and manage it. Every fund manager will have a different ability to control funds. Some people can control the scale of 3 billion or even 340 billion or even hundreds of billions of funds, but some people have poor strength, no better control ability for larger funds, or have no such experience and strength, and are unwilling to expand the scale, which will naturally limit purchases.

There are many fund managers in the market, some of them manage 4 billion yuan, some manage more than 20 billion yuan, and some star fund managers even manage 200 billion yuan, so we can see from here that there is a gap in the ability of fund managers to control funds, and they also have the ability to classify funds. If not, they can't let the fund sell.

The fund manager thinks that the investment may be risky now, so the purchase is restricted. Some fund managers are more responsible, but he found that the positions of funds are relatively high now, and many stocks have been stimulated to a certain extent, which led to a short-term bull market. Therefore, some fund managers naturally chose to limit purchases in order to avoid the losses of investors who trusted him.

In 2020 and 20021,many funds were restricted from buying. Because of the epidemic, some stocks have been pushed up a lot, so some people have invested money to buy funds at this time. Some fund managers restrict subscription in order to avoid the decline of fund net value after the stock market correction, causing losses to investors.