It is a monetary fund.

Because monetary funds are mainly short-term treasury bonds, repurchases, central bank bills, bank deposits, etc., there is basically no risk, and their liquidity is high, and their liquidity is second only to bank demand deposits. Of course, their income is also relatively low. Generally, the income is carried forward to fund shares every month, and the income is slightly higher than that of one-year time deposits, and the interest is tax-free. It is suitable for liquid investment tools and is a substitute for savings.

Therefore, there is basically no redemption risk for monetary funds.