The normal fund has 5% cash assets, plus the subscription money, which can meet most of the redemption needs.

Theoretically, the more cash surplus, the more liquidity, but the purpose of fund investment appreciation should also be considered.

The more cash, the smaller the base of fund appreciation.

So use 5% cash assets, here cash assets, including high credit assets such as national debt and central bank bills within 1 year, not pure cash.