Fund subscription:
Fund subscription refers to the process of investors buying fund shares during the period of raising open-end funds and before the establishment of funds.
Fund subscription:
Fund subscription refers to the behavior that investors open a fund account in a fund management company or a selected fund consignment agency and apply for the purchase of fund shares according to the prescribed procedures. The number of subscribed fund shares is calculated according to the net asset value of the fund shares on the subscription date.
The difference between fund subscription and subscription:
In fact, subscription and subscription are two different stages of purchasing funds. The initial offering of fund shares is called fund raising, and the purchase of fund shares during fund raising is called fund subscription. The general subscription period is up to one month. After the end of the raising period, investors' application to purchase fund shares is usually called fund subscription. Subscriptions during the fund-raising period will generally enjoy certain preferential rates.
However, the purchased funds can only be redeemed after the closed period. The closed period is when the fund manager opens the warehouse and cannot buy or sell, but the purchased funds can be redeemed on the second working day.
For example:
Investors who purchase fund shares during the fund raising period are called subscriptions, and the net value of each fund share is RMB 65,438+0 yuan.
After the establishment of fund raising, investors buy fund shares according to the procedures stipulated by the fund sales outlets, which is called subscription. At this time, because the net value of the fund has already reflected the value of its portfolio, the net value of the unit fund share is not necessarily 65,438+0 yuan, but may be higher or lower than 65,438+0 yuan, so the number of fund shares obtained by subscribing for the same asset and the same fund may be different.