Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. Its accumulated funds are mainly invested in low-risk money market instruments. Compared with other types of open-end funds, it has high security, high liquidity and stable profitability.

Can money funds be purchased and redeemed at any time?

Of course. Monetary fund is a fund that can be purchased and redeemed at any time except statutory rest days. There is no time limit. Fund companies generally stipulate that the redemption share is 2 trading days, namely T+2 trading days. It should be noted that when investors redeem money funds, they should ensure that the redemption operation is carried out before the trading day 15:00, otherwise the funds will be received in T+3 trading days.

Monetary fund subscription skills

For the subscription of Friday trading hours, the confirmation date is next Monday, and the income will not be available until next Tuesday, which means that the income for two days on the weekend will be gone. Therefore, it is not recommended to purchase money funds on Friday.

Similarly, if there is a holiday money fund subscription, investors can't enjoy the benefits of the whole holiday if they subscribe the day before the holiday.

Monetary fund redemption skills

Redeem during trading hours on Thursday, without benefits on Friday (benefits are still available on Thursday), and redeem after trading hours on Thursday, without benefits on Monday (benefits are available on Thursday, Friday and weekend). In order to improve the efficiency of fund use, investors should try to avoid redeeming the money fund on Thursday.

Similarly, in the case of redemption of holiday funds, investors will not be able to enjoy the benefits of the whole holiday if they redeem them two days before the holiday.