Core Viewpoint - The article discusses the recent decision by Zhonghang Fund to suspend large subscriptions for its "Mini Fund" due to concerns about maintaining investment strategy effectiveness and protecting existing investors' returns [1][3]. Group 1: Fund Suspension Details - Zhonghang Fund announced on March 6 that it would suspend subscriptions exceeding 500,000 yuan for both A and C class shares starting March 7 [3]. - As of the end of last year, the fund's total size was only 19 million yuan, categorizing it as a "mini fund" [3]. - The suspension is attributed to the fund manager's concerns that a sudden increase in scale could negatively impact the fund's performance and strategy [3][4]. Group 2: Performance and Market Context - From the beginning of the year to March 5, Zhonghang Fund achieved a growth rate of 11.55% [3]. - The fund's top holdings include companies like Zhongke Feimiao and Zhaoyi Innovation, indicating a focus on high-growth sectors [3]. - The article notes that many high-performing funds are currently under subscription limits, with 361 active equity funds in similar situations [5]. Group 3: Broader Market Trends - The article highlights that many funds benefiting from the recent AI-driven market rally are also facing subscription limits, particularly those focused on technology sectors like robotics and artificial intelligence [8]. - Analysts suggest that the current market logic is centered around industrial trends and micro-innovation, with significant opportunities in AI and robotics expected to continue [8][9]. - The article emphasizes the importance of balancing fund performance and scale, especially for smaller fund companies [4].