Open-end fund subscription is based on the subscription amount and converted into fund shares according to the net value of the fund on that day. Subscriptions made before three o'clock in the afternoon are calculated into fund shares according to the net value announced after the close of the day, and after three o'clock, they are calculated into fund shares according to the net value of the next day.

Subscription share = subscription amount /( 1+ subscription rate) /T-day net fund share.

There are two ways for securities companies to buy funds:

A, with your bank card and ID card, you can open a fund account in the business department of a securities company, where you can buy the funds that the securities company sells on a commission basis. Handling fee 1.2- 1.5%

B. Open a shareholder account in a securities company to buy: There are relatively few funds that can be bought in a securities shareholder account, mainly closed-end funds, ETFs, LOF funds and funds entering the fund platform of the Shanghai Stock Exchange. The rate is 0.3%, and the shareholder account is the same as buying stocks.

When can it be redeemed: the fund subscription can be redeemed after confirmation, which is generally confirmed by T+2. That is, it can be redeemed after three days of subscription.