According to Wind's statistics, at present, the performance comparison benchmark of the total ***5 1 money fund is based on the bank's current interest rate.
It is understood that at present, there are 12 funds in the money fund market whose performance benchmark is personal deposit interest rate, which is a demand bank. Since the benchmark interest rate reduction does not involve demand deposits, the benchmarks of these money funds have not "floated down" in interest rates. However, due to the "after-tax" method adopted in the performance comparison benchmark of the nine money funds in this batch, the comparison benchmark of the money funds will be "secretly increased" due to the temporary exemption of personal income tax on deposit interest income. However, Hua 'an Cash Fuli and Guo Fu Shi Tian Currency (A and B) both used the "pre-tax" calculation method before, so the performance benchmark of these monetary funds has not changed.
It is worth noting that in addition to the deposit interest rate as the benchmark, there are currently six money funds that use the "7-day notice deposit interest rate for the same period" as the benchmark. Since the interest rates of bank 1 day and 7-day call deposits have not changed after this interest rate cut, the basic reference interest rates of these six money funds have not changed. However, due to the "after-tax" calculation method adopted by these money funds, the actual performance benchmark of these money funds has also been slightly improved after the abolition of the income tax on deposit interest.
Wind statistics also show that at present, there are 1 1 monetary funds whose performance benchmark adopts "6-month bank time deposit rate (after tax)", and 28 monetary funds whose performance benchmark adopts "1 year bank time deposit rate (after tax)". Therefore, after the reduction of 27 basis points (0.27%) and the cancellation of interest income tax,