Money market fund refers to an investment fund that invests in short-term (within one year, average period 120 days) securities in the money market.

The fund assets mainly invest in short-term monetary instruments such as treasury bills, commercial paper, bank certificates of deposit, bank acceptance bills, short-term government bonds, corporate bonds and other short-term securities.

Monetary funds have only one way to pay dividends—dividend reinvestment.

Each unit of the money market fund is always kept at 1 yuan. The income after exceeding 1 yuan will be automatically converted into fund shares on time. The number of fund shares you own equals the number of assets you own.

Hybrid funds are funds that invest in instruments such as stocks, bonds, and money markets simultaneously.