Monetary fund is an open-end fund that collects idle funds from society, is operated by fund managers and kept by fund custodians, and specializes in investing in low-risk money market instruments.
Yu 'ebao is a balance appreciation service and current fund management service product under Ant Financial.
2. Different characteristics
Yu 'ebao is characterized by simple operation, low threshold, zero handling fee and ready use. In addition to the financial management function, Yu 'ebao can also be directly used for shopping, transfer, payment, repayment and other consumer payments. It is a cash management tool in the era of mobile Internet.
Monetary fund is an open-end fund with high security, high liquidity and stable income, which has the characteristics of "quasi-saving".
3. Different visits
The income of the money fund is only higher than the interest rate of bank time deposits, but there is no interest tax. You can redeem it at any time, and generally you will receive the funds the next day after applying for redemption.
Yu 'ebao is available at any time without interest.
Extended data:
Calculation of Yu 'ebao's income:
1, the daily income of Yu 'ebao is different, and the income calculation formula is = (confirmed amount of Yu 'ebao/10000)X every ten thousand income announced by the fund company on the same day.
2. It is suggested that the transfer amount of Yu 'ebao is greater than 100 yuan, so you can see the income with high probability. (If the income of the day is less than 1 cent, the system may not allocate the income or accumulate it).
According to the announcement of Tian Hong Fund, the daily total subscription amount of Tian Hong Yu 'ebao Money Market Fund's personal trading account is adjusted to 20,000 yuan (including voluntary transfer, automatic balance transfer, salary transfer and wish savings), and the total holding amount of personal trading account is 6,543,800 yuan. If it is judged that the transfer amount will exceed this amount, it is recommended to modify the transfer amount before trying the operation.