Second, the purchase of wealth management products is different, and the date when the money returns to the bank card after expiration is different. As follows:
1. Tong Ling Express products will be paid in real time upon redemption. The funds will be returned to the account the day after the product expires. In case of legal holidays, it will be postponed to the next working day.
2. Short-term rolling financial management: for example, 1 day, 7 days, 14 days. If you need money, you must redeem it in advance, otherwise the money will not automatically roll into the next financial management cycle;
3. Medium and long-term wealth management products: no redemption is required. Upon maturity, the principal and income will automatically return to your current account within 3 working days. Just pay attention to the inquiry.
Extended data
Many investors are quite confused when faced with the above-mentioned various wealth management products. In fact, grasping the following steps can help investors clear their minds and find products that suit them. How to choose?
First, define the scope of investment.
Money market funds strictly restrict investment in: cash; Bank time deposits, certificates of deposit, bond repurchases, central bank bills and other money market instruments with good liquidity recognized by the CSRC and the central bank within one year (including one year). Bank wealth management products are fund management plans developed, designed and sold for different customers according to the Interim Measures for the Management of Personal Wealth Management Business of Commercial Banks issued by CBRC. At present, short-term bank wealth management products on the market mainly invest in high-credit bonds (national debt, financial debt and central bank bills) to ensure investment income. From the perspective of investment scope, although the supervision departments of money funds and bank wealth management products are different, the investment scope is similar.
Second, the investment period is different.
The characteristics of money market funds are that they take effect on the day of subscription and can be redeemed at any time the next day. After redemption, T+ 1 arrives; Fast capital flow, high investment efficiency and high use efficiency. Short-term bank wealth management products generally have a fixed term (such as 3 days, 7 days, 14 days, etc.). ), the funds can only be recovered after the expiration. At the same time, the product consists of subscription period, value date, maturity date, liquidation date and payment date. Investors' funds are only calculated between the value date and the maturity date.
By comparison, it can be seen that there are obvious differences between the two products in terms of investment sustainability and capital use efficiency. Time limit for mandatory investment in short-term wealth management products of banks. If there is no real-time docking of similar products after the maturity of the wealth management products purchased by investors, investors can only put their funds in the current account and wait for another similar product to be sold before continuing to invest. Investors' short-term financial management loses continuity, and the average rate of return during the whole investment period will be greatly reduced.
Third, pay attention to past performance.
According to wind's statistics, as of August 3 1 day, the annualized rate of return of the whole market money fund on the 7 th was 3.52%; However, due to the wide variety of bank wealth management products, there is no unified statistical caliber for the expected rate of return of products.
Fourth, cost comparison.
Money market funds do not charge subscription fees and redemption fees, but only management fees and custody fees. At present, the implementation standards are management fee of 0.33% and custody fee of 0. 1%. At present, the CBRC has not clearly stipulated the fees for bank wealth management products. Banks set their own charging methods, and investors can read product sales contracts or ask relevant bank personnel.
Fifth, the starting point of investment is different.
At present, the starting point for the subscription of the Monetary Fund is 1 10,000 yuan, with no upper limit, while the fixed investment of the Monetary Fund is as low as 1 10,000 yuan. According to the regulations of CBRC, the short-term wealth management products of banks generally start at 50,000 yuan, which is a threshold for small and medium-sized investors. By comparison, we can see that money funds are more suitable for small and medium-sized investors and investors who are busy at ordinary times in terms of investment efficiency and investment starting point. The bank's short-term wealth management products are better in personalized settings, which are suitable for investors with clear capital schedule and large amount of funds.
Refer to Baidu Encyclopedia's ultra-short-term wealth management products.
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