Generally, it takes 2-4 working days for domestic monetary funds to submit redemption applications and receive funds. Some investors are worried that they can't withdraw cash when they are in urgent need, and nearly 40 trillion residents' demand deposit funds can only be idle in their accounts.
Extended data:
Product characteristics of money fund:
1. Principal security: Most money market funds have the lowest risk among all kinds of funds. Money fund contracts generally do not guarantee principal security, but in fact, due to the nature of funds, money funds rarely lose principal in reality. Generally speaking, money funds are regarded as cash equivalents.
2. Strong liquidity: liquidity can be 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 a day or two after redemption. At present, some fund companies have opened the instant redemption business of money funds, which can be received on the same day.
3. Higher rate of return: Most money market funds generally have the income level of national debt investment. Money market funds can not only invest in exchange repurchase and other investment tools that ordinary institutions can invest in.
You can also invest in the inter-bank bond and repo market and the central bank bill market, and its annual net rate of return can generally be compared with the one-year time deposit rate, which is higher than the income level of bank savings in the same period. Moreover, money market funds can avoid hidden losses.
When there is inflation, the real interest rate may be very low or even negative. Money market funds can keep abreast of interest rate changes and inflation trends and obtain stable and high returns.
4. Low investment cost: Generally speaking, money market funds are 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. For the first subscription/subscription, 1000 yuan, and for the second subscription, 100 yuan will be increased.
5. Dividend exemption: The face value of most money market funds is always 1 yuan, and the income is calculated every day, with 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.
Baidu Encyclopedia-Monetary Fund T+0