Money fund, also known as money market fund, is a kind of funds that are all invested in the money market, including but not limited to cash deposits and short-term bills with high credit rating (generally below 1 year). They have the characteristics of high security, high liquidity, stable expected annualized expected return and "quasi-savings", and are considered as short-term safe havens for funds. How to buy a money fund? What are the characteristics of money funds?

How to buy a money fund?

There are several channels to buy money funds:

1. Funds * * *: Each fund * * has its own monetary fund.

2. Fund supermarket: a comprehensive fund service represented by Tian Tian Fund Network, with all kinds of goods.

3. Mobile banking: In addition to funds, various banks have also launched monetary fund products, such as China Merchants Bank's Super Ying Chao, ICBC's salary bonus, Bank of China's Life Treasure, Bank of Communications' cash treasure and so on.

4. Internet financial management: represented by Yu 'ebao and WeChat financial management.

Characteristics of monetary funds

1. Investing in money funds, our principal is basically risk-free;

2. We expect an annualized expected return of about 2% per year on average;

3. We first consider liquidity, which is its biggest advantage over bank time deposits; Followed by the expected annualized expected rate of return;

4. The price is always 1.00 yuan/share, so you don't have to choose the time to buy or sell;

5. Money funds have no subscription and redemption fees, which are usually called handling fees.