What does fund subscription mean?

Fund subscription refers to the act of investors opening fund accounts in fund management companies or selected fund consignment agencies in accordance with the prescribed procedures and applying for the purchase of fund shares. The specific calculation method of subscribed funds must meet the requirements of relevant regulations of the regulatory authorities, and the number of shares is calculated on the basis of the net asset value of the fund share purchase date, and it is stated in the fund sales document. ?

China's fund subscription procedures

(a) for purchase

1. Investors who already have stock accounts or fund accounts in Shenzhen and Shanghai can purchase them directly.

2. Investors who don't have stock accounts or fund accounts in Shenzhen and Shanghai need to go through the formalities of opening stock accounts or fund accounts at local account opening outlets with their ID cards before purchasing; Investors who only buy funds can open fund accounts in the stock exchange.

3. Investors should deposit enough funds into their capital account according to their planned subscription amount before subscription. Once the subscription procedures are completed, the subscription funds will be frozen.

4. The subscription procedures for online pricing issuance funds are the same as those for online stock issuance. Investors can handle the subscription entrustment by filling in the subscription power of attorney, telephone entrustment or magnetic card entrustment in the securities business institution that opens the capital account.

(two) confirm the lottery and unfreeze the funds.

T day: subscription day;

T+ 1 day: transfer the subscription funds into the special fund account of the registration and clearing company;

T+2 days: capital verification and issue a capital verification report, which is confirmed as a valid subscription;

T+3 days: lucky draw

T+4 days: announce the winning results and unfreeze the unsuccessful subscriptions.

Matters needing attention in fund subscription:

1. If an investor who has opened a stock account opens a fund account again, it will cause inconvenience or loss to his subscription and trading.

2. Investors can only open and use one fund account, which can only correspond to one stock account or fund account, and cannot open and use one or more fund accounts corresponding to multiple stock accounts or fund accounts for subscription.

3. Shanghai investors (using Shanghai stock accounts or fund accounts) must complete the trading procedures stipulated by the Shanghai Stock Exchange before purchasing.

4. After completing the subscription entrustment, investors shall not withdraw their orders.

Fund income is the part of fund assets that exceeds their own value in the process of operation. Specifically, fund income includes dividends, bonuses, bond interest, bid-ask price difference of securities, deposit interest and other income from fund investment.