What does money fund mean? How to operate?

What does money fund mean? How to operate?

Money funds mainly invest in products with stable returns, such as central bank bills. According to my personal understanding, the money fund is more like a more liquid deposit than an investment. I have been buying money funds for more than a year. Take Huaxia Cash Increase as an example, its annual yield is about four times the current interest rate (currently 0.36%). There is no handling fee for money fund subscription and redemption, and the time is basically T+2, that is, on the third day (including the day of submission) when you submit your redemption application, you can save your money, which is better than regular liquidity, and the income is calculated on a daily basis, instead of being treated as current interest like regular early withdrawal.

Monetary funds are more suitable for short-term idle funds. If you can save it for half a year, I personally suggest not to buy a money fund. The increase in cash in South China is greater than that in China. The minimum purchase limit of the former seems to be 50,000 yuan, while the latter is 1 10,000 yuan. At present, the income of these two currencies I am talking about is relatively stable, so you can consider buying them.

Money funds can be purchased through online banking or through bank counters, and most banks have sales.

What is a money fund?

Brief introduction of money market funds

1. What is a money market fund?

Money market funds refer to funds that invest in short-term securities in the money market. The assets of the Fund are mainly invested in short-term monetary instruments, such as short-term treasury bills, commercial paper, bank time deposit certificates, short-term bonds, corporate bonds, interbank deposits and other short-term securities.

Second, the product characteristics of money market funds

1, the principal is safe

Because most money market funds mainly invest in low-risk securities such as treasury bonds, financial bonds, central bank bills, bond repurchases and interbank deposits with a remaining maturity of less than one year, these investment types determine that the risk of money market funds is the lowest among all kinds of funds, which in fact ensures the safety of principal.

2. Strong capital flows

Liquidity is comparable to demand deposits. The fund is easy to buy and sell, with short time to receive funds and high liquidity. Generally, the funds will arrive in two or three days after redemption.

3. Higher output.

Most money market funds generally have the income level of national debt investment. Money market funds can not only invest in investment tools that ordinary institutions can invest in, such as exchange repurchase, but also enter the inter-bank bond and repurchase market and the central bank bill market for investment. Its annual net rate of return is generally 2%-3%, and its recent rate of return is 2.6%-2.7%, which is much higher than the income level of bank savings in the same period. Moreover, money market funds can avoid hidden losses and resist inflation. When inflation occurs, the real interest rate may be low or even negative. Money market funds can keep abreast of interest rate changes and inflation trends, obtain stable income, and become a tool to resist rising prices.

4. The investment cost is low.

Money market funds are generally free of handling fees, and the subscription fee, subscription fee and redemption fee are all zero, so it is very convenient for funds to enter and exit, which not only reduces the investment cost, but also ensures liquidity.

5. Dividends are tax-free

The face value of most money market funds is always 1 yuan. The income is calculated every day, and there is interest income every day. Investors enjoy compound interest, while bank deposits are only simple interest. Monthly dividends are carried forward as fund shares, and dividends are exempt from income tax.

In addition, general money market funds can also be converted with other open-end funds under the fund management company, which is efficient, flexible and low-cost. When the stock market is good, it can be converted into stock funds, and when the bond market is good, it can be converted into bond funds. When there are no good opportunities in the stock market and bond market, money market funds are a good haven for funds, and investors can seize various opportunities in the stock market, bond market and money market in time.

3. What kinds of money market funds are there at present?

At present, there are several money market funds in the market, such as Hua 'an cash income, Bosera cash income, China Merchants cash appreciation, South China cash appreciation and Huaxia cash appreciation.

Four. Overview of monetary funds

South Cash Increase Fund (20230 1)

Huaan Cash Fuli Fund (040003)

Huaxia Cash Increase Fund (003003)

Bosera Cash Income Fund (050003)

China Merchants Cash Appreciation Fund (2 17004)

Galaxy Yin Fu Monetary Fund (150005)

Yin Hua Money Market Fund (currency A:180008; Currency b: 180009)

Changxin Interest Income Fund (51nine thousand nine hundred and ninety-nine)

Nuoan Money Market Fund (320003)

Haifutong Money Market Fund (5 10005)

E Fund for Money Market (1 10006)

Verb (abbreviation of verb) What is an open-end fund and what is a closed-end fund? What's the difference between open-end funds and closed-end funds?

The total number of fund units of open-end funds is not fixed, which can be issued according to the development needs and redeemed by investors. The redemption price is equal to the current net asset value minus the handling fee.

Because investors can freely join or withdraw from this open-end investment fund, and there is no limit on the number of investors, it is also called * * * mutual fund. Most investment funds are open.

The total amount of closed-end funds is limited, and once the issuance plan is completed, no additional issuance will be made. Investors are not allowed to redeem, but the fund shares can be publicly transferred on the stock exchange or OTC market, and the transfer price is determined by market supply and demand.

The differences between the two are as follows:

1, the variability of fund size is different. The fund shares issued by open-end funds are redeemable, and investors can subscribe for the fund shares at any time, so the size of the fund is not fixed; The scale of closed-end funds is fixed.

2. The transaction prices of fund units are different. The trading price of fund shares of open-end funds is ......

What's the difference between a money fund and a bond fund?

The asset allocation of money funds and bond funds is different.

Monetary funds are allocated to bank deposits (within 1 year) and short-term margin financing and securities lending.

Bond funds are allocated with government bonds (short-term government bonds are at least 1 year) and corporate bonds.

Monetary funds are much more liquid than bond funds.

What does AB after Monetary Fund mean?

After the classification of fund shares, if the fund shares retained by a single fund account exceed 5 million (including 5 million) on any open day during the duration of the fund, the fund registration institution will automatically upgrade the available fund shares held by a single fund account to B-level fund shares, and the relevant rate of B-level will apply on the day of upgrading.

It's divided according to share.

For details, please refer to the announcement on classification of monetary funds: phfund/...50.pdf

What's the difference between money funds A and B?

Money funds A and B are actually the same fund, but there is a difference between the minimum subscription share and the sales service fee. The minimum subscription share of Monetary Fund A is generally 1 000 (1 000 yuan), and that of Monetary Fund B is generally 1 000 yuan (1 000 yuan). The sales service fee of Monetary Fund A is slightly higher than that of Monetary Fund B, and the dividends of all Monetary Funds B are slightly higher than that of Monetary Fund A. The sales service fee of general fund companies to Monetary Fund A is 0.25%, and that of Monetary Fund B is 0.0 1%. Many people think that the dividend of Monetary Fund B is higher than that of Monetary Fund A because of the different fund management fees. Actually, this is a misunderstanding. The management fee and custody fee of money fund A/B are the same, but the sales service fee is different.

What is a money market fund?

Money market funds refer to funds that invest in short-term securities in the money market. The assets of the Fund are mainly invested in short-term monetary instruments, such as short-term treasury bills, commercial paper, bank time deposit certificates, short-term bonds, corporate bonds, interbank deposits and other short-term securities.

Second, the product characteristics of money market funds

1, the principal is safe

Because most money market funds mainly invest in low-risk securities such as treasury bonds, financial bonds, central bank bills, bond repurchases and interbank deposits with a remaining maturity of less than one year, these investment types determine that the risk of money market funds is the lowest among all kinds of funds, which in fact ensures the safety of principal.

2. Strong capital flows

Liquidity is comparable to demand deposits. The fund is easy to buy and sell, with short time to receive funds and high liquidity. Generally, the funds will arrive in two or three days after redemption.

3. Higher output.

Most money market funds generally have the income level of national debt investment. Money market funds can not only invest in investment tools that ordinary institutions can invest in, such as exchange repurchase, but also enter the inter-bank bond and repurchase market and the central bank bill market for investment. Its annual net rate of return is generally 2%-3%, and its recent rate of return is 2.6%-2.7%, which is much higher than the income level of bank savings in the same period. Moreover, money market funds can avoid hidden losses and resist inflation. When inflation occurs, the real interest rate may be low or even negative. Money market funds can keep abreast of interest rate changes and inflation trends, obtain stable income, and become a tool to resist rising prices.

4. The investment cost is low.

Money market funds are generally free of handling fees, and the subscription fee, subscription fee and redemption fee are all zero, so it is very convenient for funds to enter and exit, which not only reduces the investment cost, but also ensures liquidity.

5. Dividends are tax-free

The face value of most money market funds is always 1 yuan. The income is calculated every day, and there is interest income every day. Investors enjoy compound interest, while bank deposits are only simple interest. Monthly dividends are carried forward as fund shares, and dividends are exempt from income tax.

In addition, general money market funds can also be converted with other open-end funds under the fund management company, which is efficient, flexible and low-cost. When the stock market is good, it can be converted into stock funds, and when the bond market is good, it can be converted into bond funds. When there are no good opportunities in the stock market and bond market, money market funds are a good haven for funds, and investors can seize various opportunities in the stock market, bond market and money market in time.

3. What kinds of money market funds are there at present?

At present, there are several money market funds in the market, such as Hua 'an cash income, Bosera cash income, China Merchants cash appreciation, South China cash appreciation and Huaxia cash appreciation.

Four. Overview of monetary funds

South Cash Increase Fund (20230 1)

Huaan Cash Fuli Fund (040003)

Huaxia Cash Increase Fund (003003)

Bosera Cash Income Fund (050003)

China Merchants Cash Appreciation Fund (2 17004)

Galaxy Yin Fu Monetary Fund (150005)

Yin Hua Money Market Fund (currency A:180008; Currency b: 180009)

Changxin Interest Income Fund (51nine thousand nine hundred and ninety-nine)

Nuoan Money Market Fund (320003)

Haifutong Money Market Fund (5 10005)

E Fund for Money Market (1 10006)

Verb (abbreviation of verb) What is an open-end fund and what is a closed-end fund? What's the difference between open-end funds and closed-end funds?

The total number of fund units of open-end funds is not fixed, which can be issued according to the development needs and redeemed by investors. The redemption price is equal to the current net asset value minus the handling fee.

Because investors can freely join or withdraw from this open-end investment fund, and there is no limit on the number of investors, it is also called * * * mutual fund. Most investment funds are open.

The total amount of closed-end funds is limited, and once the issuance plan is completed, no additional issuance will be made. Investors are not allowed to redeem, but the fund shares can be publicly transferred on the stock exchange or OTC market, and the transfer price is determined by market supply and demand.

The differences between the two are as follows:

1, the variability of fund size is different. The fund shares issued by open-end funds are redeemable, and investors can subscribe for the fund shares at any time, so the size of the fund is not fixed; The scale of closed-end funds is fixed.

2. The transaction prices of fund units are different. The trading price of fund shares of open-end funds is based on fund shares. ......

What is a money fund? What are the characteristics of money funds?

Monetary fund is a big category of funds. For more information, please refer to the following information:

1. Investment scope of money funds: As the name implies, money market funds invest in money market instruments.

Elephant fund. According to the Interim Provisions on the Management of Money Market Funds, the investment scope of China's money funds includes: bank time deposits and large deposit certificates within one year (including one year); Bonds with a remaining maturity of less than 397 days (inclusive); Bond repurchase with a term of less than one year (including one year); Central bank bills with a term of less than one year (inclusive); Other money market instruments with good liquidity recognized by China Securities Regulatory Commission and China People's Bank.

2. Monetary funds and other funds that invest in stocks are the most important.

At the same time, the net asset value of the fund unit is fixed, always 1 yuan. For example, investors can own 100 fund shares if they invest 100 yuan. After 1 year, if the return on investment is 8%, investors will have 8 more fund units, totaling * * * 108, with a value of 108 yuan. The fund reinvests in dividends, which makes the income accumulate continuously and increases the fund share owned by investors. 2. The standard to measure the performance of money market funds is the rate of return. 3. Good fluidity and high safety. Investors can redeem the fund shares at any time as needed, regardless of the date. 4. Low risk. The term of money market instruments is usually very short, and the average term of investment portfolio is usually 4 ~ 6 months, so the risk is low, and its yield is usually only affected by market interest rate. 5. The investment cost is low. Money market funds do not charge subscription and redemption fees, and their management fees are also low. 6. Money market funds are usually regarded as risk-free investment tools, suitable for short-term investment and interest-bearing, and hold cash in the form of money market funds for emergencies.

For working-class people who are busy with their careers, if they spend a certain amount of idle funds every month to buy money market funds, the long-term accumulated compound interest return will be considerable. At the same time, it does not occupy funds like stocks and bonds, and can be converted into cash at any time. The turnover time is only one or two days, which is very convenient. Therefore, money funds, also known as "quasi-savings products", have the advantages of capital preservation, regular income and monthly dividends.

The investment scope of money fund and RMB wealth management products is roughly the same, but it is better than RMB wealth management products in terms of safety, liquidity, flexibility and starting point. After the interest rate is raised, the monetary fund can enjoy the benefits brought by the interest rate increase; At present, the yield of RMB wealth management products is fixed. Even if the interest rate rises, it is not calculated according to the adjusted interest rate, but still calculated according to the previously set interest rate. Compared with RMB wealth management products, there is a lock-in requirement for a period of time, and the liquidity of monetary funds is a very prominent advantage of this product. Generally, RMB financial management cannot be paid in advance according to the agreement. If investors have urgent capital needs, they should apply to the head office for pledge through branches. The pledge rate is generally 70%, and they will also bear the interest on the pledged loan. Money market funds can be purchased and redeemed at any time, and there is no handling fee. Generally, the money can be received within 2 days after the redemption application is filed. In terms of flexibility, there are no other products that can be converted into each other, even if the same product has different maturities, there is no room for conversion. Money funds can be converted with other types of fund products of the same fund company, so that investors can capture other investment opportunities in the capital market timely and conveniently while investing in the money market. Usually, the purchase starting point of RMB financial planning is more than 50 thousand yuan; The subscription starting point of money fund is 1000 yuan, which has a lower investment threshold and is more suitable for ordinary people.

3. Income of money market funds: Theoretically speaking, money market funds also have certain risks, and there have been individual funds in the past.

On other days, the return of ten thousand fund units is negative, but there has never been a money market fund with a negative annualized rate of return on a certain day. It can be clearly said that there is no risk of principal loss in money market funds. It's just a question of the rate of return.

There are two indicators reflecting the rate of return of money market funds: one is the annualized rate of return on the 7 th; The second is the income per 10,000 fund units. As a short-term indicator, the 7-day annualized rate of return is the average income of the first 7 days (including the current day) multiplied by the number of days in a year, which is the most intuitive indicator to reflect the performance of the fund and is also convenient to compare with the savings income. But that's only the fund's profit level in the past seven days, and it doesn't represent the future income level. When examining this indicator, we can't ignore the concern about the volatility of income, because it reflects the foundation. ......

What is a money fund? What's the difference with funds?

Monetary fund is a big category of funds. For more information, please refer to the following information:

1. Investment scope of money funds: As the name implies, money market funds invest in money market instruments.

Elephant fund. According to the Interim Provisions on the Management of Money Market Funds, the investment scope of China's money funds includes: bank time deposits and large deposit certificates within one year (including one year); Bonds with a remaining maturity of less than 397 days (inclusive); Bond repurchase with a term of less than one year (including one year); Central bank bills with a term of less than one year (inclusive); Other money market instruments with good liquidity recognized by China Securities Regulatory Commission and China People's Bank.

2. Monetary funds and other funds that invest in stocks are the most important.

At the same time, the net asset value of the fund unit is fixed, always 1 yuan. For example, investors can own 100 fund shares if they invest 100 yuan. After 1 year, if the return on investment is 8%, investors will have 8 more fund units, totaling * * * 108, with a value of 108 yuan. The fund reinvests in dividends, which makes the income accumulate continuously and increases the fund share owned by investors. 2. The standard to measure the performance of money market funds is the rate of return. 3. Good fluidity and high safety. Investors can redeem the fund shares at any time as needed, regardless of the date. 4. Low risk. The term of money market instruments is usually very short, and the average term of investment portfolio is usually 4 ~ 6 months, so the risk is low, and its yield is usually only affected by market interest rate. 5. The investment cost is low. Money market funds do not charge subscription and redemption fees, and their management fees are also low. 6. Money market funds are usually regarded as risk-free investment tools, suitable for short-term investment and interest-bearing, and hold cash in the form of money market funds for emergencies.

For working-class people who are busy with their careers, if they spend a certain amount of idle funds every month to buy money market funds, the long-term accumulated compound interest return will be considerable. At the same time, it does not occupy funds like stocks and bonds, and can be converted into cash at any time. The turnover time is only one or two days, which is very convenient. Therefore, money funds, also known as "quasi-savings products", have the advantages of capital preservation, regular income and monthly dividends.

The investment scope of money fund and RMB wealth management products is roughly the same, but it is better than RMB wealth management products in terms of safety, liquidity, flexibility and starting point. After the interest rate is raised, the monetary fund can enjoy the benefits brought by the interest rate increase; At present, the yield of RMB wealth management products is fixed. Even if the interest rate rises, it is not calculated according to the adjusted interest rate, but still calculated according to the previously set interest rate. Compared with RMB wealth management products, there is a lock-in requirement for a period of time, and the liquidity of monetary funds is a very prominent advantage of this product. Generally, RMB financial management cannot be paid in advance according to the agreement. If investors have urgent capital needs, they should apply to the head office for pledge through branches. The pledge rate is generally 70%, and they will also bear the interest on the pledged loan. Money market funds can be purchased and redeemed at any time, and there is no handling fee. Generally, the money can be received within 2 days after the redemption application is filed. In terms of flexibility, there are no other products that can be converted into each other, even if the same product has different maturities, there is no room for conversion. Money funds can be converted with other types of fund products of the same fund company, so that investors can capture other investment opportunities in the capital market timely and conveniently while investing in the money market. Usually, the purchase starting point of RMB financial planning is more than 50 thousand yuan; The subscription starting point of money fund is 1000 yuan, which has a lower investment threshold and is more suitable for ordinary people.

3. Income of money market funds: Theoretically speaking, money market funds also have certain risks, and there have been individual funds in the past.

On other days, the return of ten thousand fund units is negative, but there has never been a money market fund with a negative annualized rate of return on a certain day. It can be clearly said that there is no risk of principal loss in money market funds. It's just a question of the rate of return.

There are two indicators reflecting the rate of return of money market funds: one is the annualized rate of return on the 7 th; The second is the income per 10,000 fund units. As a short-term indicator, the 7-day annualized rate of return is the average income of the first 7 days (including the current day) multiplied by the number of days in a year, which is the most intuitive indicator to reflect the performance of the fund and is also convenient to compare with the savings income. But that's only the fund's profit level in the past seven days, and it doesn't represent the future income level. When examining this index, we can't ignore the concern about the volatility of income, because it reflects whether the fund's future income expectation is ......

Are money funds and money market funds the same concept? If not, what's the difference?

All investments are risky, but there are differences in size. Basic information of monetary funds 1. What is a money fund? Monetary fund is an open-end fund. According to the types of financial products invested by open-end funds, people divide open-end funds into four basic types: stock funds, hybrid funds, bond funds and monetary funds. The first two belong to the capital market, and the latter is the money market. Monetary funds mainly invest in short-term financial products with high security, such as bonds, central bank bills and repurchase. , also known as "quasi-savings products". Their main features are "worry-free principal, convenient demand, regular income, daily income and monthly dividend". In general, the probability of investors' profit is 99.84%; The expected rate of return is between 1.8-2%, which is higher than the interest of one-year time deposit 1.8%, and there is no interest tax; It can be redeemed at any time. After applying for redemption, the funds will generally arrive the next day, which is very suitable for units and individuals pursuing low risk, high liquidity and stable income. 2. What's the difference between money funds and other open-end funds? Compared with other funds, money funds have the following characteristics: the main difference between money funds and other funds that invest in stocks is that the net asset value of fund units is fixed, usually per fund unit 1 yuan. After investors invest in this fund, they can reinvest with the proceeds, and the investment income will accumulate continuously to increase the fund share owned by investors. For example, investors can own 100 fund shares if they invest 100 yuan. After 1 year, if the return on investment is 8%, the investor will have 8 more fund shares, totaling 108, with a value of 108 yuan. The standard to measure the performance of money funds is the rate of return, which is different from other funds that make profits by increasing their net assets. Monetary funds have good liquidity and high capital security. These characteristics are mainly due to the fact that the money market is a low-risk and high-liquidity market. At the same time, investors can transfer fund shares at any time as needed, regardless of the date. The risk of money fund is low. The maturity of money market instruments is usually very short, and the average maturity of money fund portfolio is usually 4 ~ 6 months, so the risk is low, and its price is usually only affected by market interest rate, so the investment cost is low. Money funds usually don't charge redemption fees and have low management fees. The annual management fee of the money fund is about 0.25% ~ 1% of the fund's net asset value, which is lower than the traditional annual management fee 1% ~ 2.5%. Money funds are all open-end funds. Money funds are usually regarded as risk-free or low-risk investment tools, which are suitable for short-term capital investment in emergencies to earn interest, especially in the case of high interest rate, high inflation rate, reduced liquidity of securities and reduced credibility, which can avoid the loss of principal. 3. Who are the investment targets of money funds? Which money funds are funds that invest in money market instruments? Mainly invest in the following financial instruments: a) cash; B) Bank time deposits and certificates of deposit within one year (including one year); C) Bonds with a remaining maturity of less than 397 days (inclusive); D) bond repurchase with a term of less than one year (including one year); E) Central bank bills with a maturity of less than one year (including one year); F) Other money market instruments with good liquidity recognized by China Securities Regulatory Commission and China People's Bank. 4. Is there a time limit for the Monetary Fund and if it is redeemed for a few days, the Monetary Fund can apply for redemption at any time except the statutory rest day, and there is no time limit. Fund companies generally stipulate the redemption of shares, and the receipt of funds is 2 trading days (T+2 days). 5. Realistic advantages of the Monetary Fund 1) Improve the income of current savings. At present, the average income of the money fund is about 1.8%, which is 0.58% higher than the bank's current savings rate (after-tax income). 2) The practice of carrying forward income on a monthly basis provides compound interest income that cannot be provided by bank deposits at present. 3) In the rising stage of interest rate, effectively avoid interest rate risk. The increase of interest rate provides a higher-yielding investment variety for the money fund. It can be said that the income of the money fund rises with the increase of interest rate. This has been proved before and after the interest rate increase of 2004. 10/0 in 2004. 6. How to buy a money fund? Is there a charge? There is no handling fee for the subscription and redemption of money funds. It can also be said that the money fund is an open-end fund and does not charge any fees. It is recommended to buy in a securities company for the following reasons: 1) Buying money funds is an investment behavior rather than a savings behavior. Buying funds in securities companies can get professionals to provide you with the most timely advantage varieties and ......

What does it mean to add an a or an h after the monetary fund?

Monetary funds are generally divided into on-site share and off-site share. Class A funds are off-site shares, and Class H funds are on-site shares of Shanghai Stock Exchange.