1, the investment scope is different.

Bond funds refer to funds that mainly invest in bonds.

Money fund, that is, money market fund, refers to the fund that invests in money market instruments.

2, the applicable population is different.

The risk of bonds is low, so bond funds are generally considered as investment tools with moderate returns and risks.

The money fund is less risky and has better liquidity, but its long-term yield is lower.

3. Purchase and redemption

The subscription fee of the Monetary Fund is 0, but the Monetary Fund withdraws no more than 0.25% of the service management fee from the fund fee. In addition, the net fund value of the Monetary Fund is fixed at 65,438+0.00 yuan/share, and the portion exceeding 65,438+0 yuan will be distributed as dividends, and the income will be distributed daily.

The subscription fee of bond funds is generally below 1%, and the unit net value changes every day.

4. Different investment targets

Bond funds mainly invest in bonds, and some can also invest in stocks;

Money funds mainly invest in short-term securities in the money market, such as treasury bills, negotiable certificates of deposit of large banks, commercial papers and corporate bonds.

5. Different risks and benefits

The risk of bond fund is higher than that of money fund, and the expected return is also higher;

Money funds are almost risk-free, so their returns are low.

6, the purchase cost is different

Bond funds generally have subscription fees and redemption fees except for a small part of subscription fees and redemption fees;

Monetary funds do not charge subscription/subscription fees and redemption fees.

7. The arrival time is different.

The redemption time of short-term debt funds is the same as that of money funds, and the redemption time of ordinary bond funds is T+5 working days;

The redemption time of the monetary fund is T+2 working days. Bond funds have higher returns than money funds, but they also have higher risks.

Second, bond funds and money funds.

1. Although both money funds and bond funds are low-risk investments, the market has told us that any investment is risky. For example, the "debt thunder" in the first half of the year seriously hit many debt-based holders. If you don't promise to protect the capital, you may not be able to do it.

2. Monetary funds are usually considered as low risk, which is also the case, but it does not mean that there is no risk. For example, huge redemption refers to the sudden huge redemption of money funds.

3. Once the money fund encounters such a situation, the fund manager has to sell the fast-maturing bonds held by the fund to deal with redemption, just like "selling at a loss" the bonds held by the fund at a lower price. Once the selling price is low enough, the net value of the money fund may fall below 1 yuan, which means that the money fund usually loses money.

Extended data:

Capital preservation fund: a capital preservation fund that provides a certain proportion of investment principal within a certain period of time. Funds use interest or a very small proportion of assets to engage in high-risk investments, and most assets are engaged in fixed-income investments, so that no matter how the market of fund investment falls, it will not be lower than the guaranteed price, thus achieving the so-called "guaranteed" effect.

Internationally, the capital preservation fund can be divided into two types: guarantee fund and guarantee fund, in which the guarantee fund does not need a third party to provide guarantee. Generally speaking, a capital preservation fund invests most of its assets in fixed-income bonds, so as to pay the investor's principal when the fund expires, and the remaining assets are about 15%-20% invested in stocks and other tools to improve the return potential.

References:

Bond Fund Baidu Encyclopedia Money Fund Baidu Encyclopedia