The student aid fund is actually a low-interest loan issued by the state to help poor students complete their studies.
When you leave school, you need to pay back the money regularly.
The student aid fund is managed by the state and bears risks.
The fund we usually buy is that the investor entrusts the funds to the fund custodian (that is, a qualified bank), and the fund manager manages and uses the funds to invest in financial instruments such as stocks and bonds, and then * * * bears the investment risks and shares the benefits.
The essential difference lies in income and risk taking:
(1) The student aid fund is not for profit, and the risk is borne by the state. This is a welfare fund.
(2) Commercial funds aim at profit, and investors and fund managers share risks.