The subscription price of the first fund is 65,438+0 yuan. Initial fund refers to the initial public offering fund. During the initial offering, investors can subscribe for fund shares. When the fund raises enough funds, the fund is declared to be established, and then it enters a closed period. Closed-end funds cannot be purchased and redeemed. After the fund is listed and traded, investors can apply for redemption.

The advantages of the initial fund mainly include: the fund price is lower, the same fund can subscribe for more shares, and the fund has fewer stock positions, which makes it easier to grasp the opportunities in the market.