Simple interest calculation formula: (daily dividends are carried forward on a monthly basis, which is equivalent to daily simple interest and monthly compound interest).

(∑Ri/7)×365/ 10000× 100%

Compound interest calculation formula: (daily dividends are carried forward on a daily basis, which is equivalent to daily compound interest)

(∑Ri/ 10000 copies) 365/7× 100%.

Extended data

After all, the seven-day annualized income is still a short-term indicator, which only represents the income of the fund in the last seven days. This is not seven days ago, nor does it represent the future income level. Therefore, although some funds repeatedly break through 10%, and some only 1%, these are temporary.

Wealth management products have subscription period, liquidation period and so on. During this period, no interest is calculated on the principal or only current interest is calculated. For example, if the subscription period of a wealth management product is 5 days, and the period between the maturity date and the principal repayment settlement period is 5 days, then your actual capital occupation is 10 days. The actual annualized income of funds is only 772.88× 365/(1kloc-0/× 65438+ten thousand) =2.79%. The absolute income is 772.88/65438+ million =0.7728%.

The 7-day annualized rate of return is calculated according to the 7-day income, and the 30-day annualized rate of return is calculated according to the recent 1 monthly income. The establishment of this index is mainly to provide investors with more intuitive data for investors to refer to when comparing the income of money funds with other investment products. In this indicator, the rate of return in the last seven days is determined by seven variables, so the same income in the last seven days does not mean that the net income per 10,000 fund shares in the seven times used for calculation is exactly the same.

References:

Baidu Encyclopedia-7-day annualized rate of return