Money funds only invest in the money market, such as short-term government bonds, repurchase, central bank bills, bank deposits, etc. And there is basically no risk. Its liquidity is second only to bank demand deposits, and its income is calculated every day. Generally, the one-month income is carried forward to the fund share, and the income is slightly higher than the one-year time deposit, and the interest is tax-free. The principal of the Monetary Fund is relatively safe, with an expected annual rate of return of 3.9%. It is suitable for liquid investment tools and a substitute for savings.
Due to the emergence of digital currency, a new type of money fund-virtual money fund has appeared in the field of money fund. Also known as the digital currency Fund. For example: BlackRock digital currency Fund.
2. The subscription and redemption of the Monetary Fund are completely free. It can also be said that the money fund is an open-end fund and does not charge any fees. It is recommended to buy in a securities company for the following reasons:
1) Buying a money fund is an investment behavior, not a saving behavior. Buying funds in securities companies can get professionals to provide you with the most timely superior varieties and the most accurate investment portfolio, so as to maximize your income;
2) The advanced "fund supermarket" system of individual securities companies can sell all domestic funds on a commission basis, and the one-stop service has changed the original mode that customers can only go to specific banks to buy different funds, reducing the risk of funds and handling procedures;
How to get the daily income of the money fund
You can inquire through the websites of relevant financial and fund management companies, or through agency outlets.