Money fund is a well-known fund product in the fund market because of its large scale and many investors. Many investors like to put their spare money into the money fund, so is the money fund open during the Spring Festival? How is the income? In order to solve your doubts, we have prepared relevant contents for your reference.

1. Is the Monetary Fund open during the Spring Festival?

The money fund will not be open for the New Year, and its net value will not be updated, but it will accumulate income. On the first trading day after the Spring Festival holiday, investors' accumulated income will be updated together. The monetary fund is closed because, according to state regulations, the entire fund market is closed on legal holidays; Money funds also accumulate income on holidays, because money funds mainly invest in various bonds, and bonds earn income every day during their existence.

For example, the Spring Festival in 2023 will be closed for seven days, from Saturday (65438+1October 2 1) to Friday (65438+1October 27), but Saturday, Sunday (65438+1October 28) and Saturday (. During these nine days, investors will check the money fund, and the income will not be updated. However, after the fund closes on Monday, 654381October 30th, the cumulative income of investors will be updated and displayed together.

2. What is the income of the Monetary Fund during the Spring Festival?

Generally speaking, during the Spring Festival, the income of the money fund will increase, and the income will be better than usual, but the overall change in income will not be too great. Because the investment of money funds is relatively stable, the yield of most money funds fluctuates around 2%, even if it rises, it is difficult to break through 3%, and the decline generally does not fall below 1.5%. Although the money fund's income does not change much during holidays, it is also a good temporary turnover point for idle funds compared with other wealth management products that have no income during holidays.