Open-end funds are also called * * * mutual funds abroad, which are isomorphic with closed-end funds and form two basic modes of fund operation. Open-end fund refers to a fund operation mode in which fund sponsors can sell fund shares or shares to investors at any time according to their needs, and can redeem the issued fund shares or shares at the request of investors. Investors can purchase funds through fund sales agencies to increase the assets and scale of the fund accordingly, or they can sell their fund shares back to the fund to recover cash and reduce the assets and scale of the fund accordingly.

Time deposit is a kind of deposit whose withdrawal date is agreed in advance, that is, the bank and the depositor agree on the term, interest rate and term before withdrawal. Unit time deposits (excluding large transferable time deposits) shall be subject to account management.

The difference between them: the interest income of time deposit is relatively stable, and the deposit term is fixed. However, if it is withdrawn in advance, the interest will be calculated according to the current listing rate, and the interest income will be greatly reduced; If you buy a fund, the term is uncertain, you can redeem it at any time, and the income is unstable. The income depends on the operation of the fund company. If you choose a good fund, the dividend yield will not be too low, depending on the net value of the fund. Fund income is exempt from personal income tax.