Many novices have just entered the financial market and often choose money funds. Although the income is not so high, the advantage lies in low risk and stable income. Then, after investors buy money funds, do they bear interest on the day of purchase? Let's have a look.

Does the money fund bear interest on the day of purchase?

Not necessarily, it should be judged according to the actual situation, as follows:

1 on-site monetary fund

The interest-bearing rule for money funds traded on the Shanghai Stock Exchange is "head first and tail second", that is, you can enjoy the income on the day of buying, but you can't enjoy the income on the day of selling. That is to say, T-day purchase, T-day calculation of income; Redemption on t day, and no income will be calculated from t day.

The interest-bearing rule of the money fund traded in Shenzhen Stock Exchange is that the tail is not counted, that is, the income is not enjoyed on the day of buying, and the income is enjoyed on the day of selling. That is to say, if you purchase or buy on T day, the income will be calculated on T+ 1 day; Redemption or sale on T-day, no income will be calculated from T+ 1 day.

2 OTC money fund

For example, the money fund purchased by Yu 'ebao or Licaitong usually bears interest on T+ 1 trading day. To put it simply, money funds purchased before T 15:00, T+ 1 begin to bear interest.

The above are the interest rules of the Monetary Fund, so you can pay attention to them.