The following is a screenshot of the income of China Merchants Zhaolibao currency a20 19 from February 16 to March 2, and it can be seen that the weekend is profitable.
Money funds, as long as they have started to make profits, will make profits on weekends and holidays.
Monetary funds are valued by amortized cost method, so the holding period income is still accounted for on Saturday and Sunday. The income on Saturday and Sunday is accumulated with the income on Monday.
It should be noted that the income of the money fund is calculated from the date of transaction confirmation. That is to say, if the subscription application is submitted on the T day, it needs to be confirmed on the next working day, that is, T+ 1 day to start calculating the income. Working days in the securities market are all securities trading days.
If investors apply for money market funds on Friday, they will not be able to confirm and calculate the income until next Monday, and they will not be able to enjoy the income on Saturday and Sunday. Therefore, investors had better avoid buying on Friday.
The rate of return of the money fund is calculated as follows:
Daily income of ten thousand copies *365= actual rate of return.
Ten thousand returns on Saturday and Sunday /2*365= static rate of return.
Extended data:
The product characteristics of currency A used for attracting investment and attracting profits.
1. Principal security: Most money market funds have the lowest risk among all kinds of funds. Money fund contracts generally do not guarantee the security of the principal, but in fact, due to the nature of the fund, the loss of the principal of the money fund rarely occurs in reality. Generally speaking, money funds are regarded as cash equivalents.
2. Strong liquidity: liquidity can be comparable to demand deposits. The fund is easy to buy and sell, with short time to receive funds and high liquidity. Generally, the funds will arrive in a day or two after redemption. At present, some fund companies have opened the instant redemption business of China Merchants Zhaolibao Currency A, which can be received on the same day.
3. Higher rate of return: Most money market funds generally have the income level of national debt investment. Money market funds can not only invest in investment tools that ordinary institutions can invest in, such as exchange repurchase, but also enter the inter-bank bond and repurchase market and the central bank bill market for investment. Its annual net rate of return can generally be compared with the one-year time deposit interest rate, which is higher than the income level of bank deposits in the same period. Moreover, money market funds can avoid hidden losses. When there is inflation, the real interest rate may be very low or even negative. Money market funds can keep abreast of interest rate changes and inflation trends and obtain stable and high returns.
4. Low investment cost: Generally speaking, there is no handling fee for buying and selling money market funds, and the subscription fee, subscription fee and redemption fee are all zero, so it is very convenient for funds to enter and exit, which not only reduces the investment cost, but also ensures liquidity. For the first subscription/subscription, 1000 yuan, and for the second subscription, 100 yuan will be increased.
5. Dividend exemption: Most money market funds always maintain the face value of 1 yuan. The income is calculated every day, and there is interest income every day. Investors enjoy compound interest, while bank deposits are only simple interest. Monthly dividends are carried forward as fund shares, and dividends are exempt from income tax.
Baidu Encyclopedia-Monetary Fund