No, Industrial Bank Riying 1 is a wealth management product, not a fund. Wealth management products are launched by banks according to customer needs. Usually, banks cooperate with third parties to provide customers with fixed-income financial services. Compared with funds, the yield of wealth management products is relatively more stable, but the purchase threshold and liquidity will be slightly different. Industrial Bank Riying 1 is a one-day wealth management product with an investment period of 1 day, which is usually suitable for the wealth management needs of customers with short-term idle funds. If you need to know more about wealth management products or funds, you can seek help from relevant professional institutions or consulting services.