The face value of the money fund remains unchanged at 1 yuan, and the manager announces the "seven-day annualized rate of return" and "income per 10,000 shares" of the fund every day.

Seven-day annualized rate of return: it is the annualized rate of return converted from the income of the last seven days (including holidays), and the official rate of return given by the Monetary Fund is "annualized rate of return".

Income per 10,000 shares of the fund: the actual income that can be obtained on the day of holding 65,438+00,000 yuan.

The calculation of money fund income is 10,000 cumulative income: 10,000 cumulative income is the amount of cumulative income per 10,000 fund units in a period of time. The calculation method is to accumulate the daily income of 10,000 fund units of the Monetary Fund during this period. Ten thousand cumulative income reflects the total income of monetary funds in a period of time. When converted into the yield, the accumulated yield of ten thousand copies is 100 yuan, which is equivalent to the yield of100/10000 = 1%.

Without considering the compound interest income, the income calculation formula is: the income of the day = the fund share × the income of the money fund of the day/10000.

There is no handling fee for the subscription and redemption of money funds. The only way to pay dividends is "dividend to investment", and the accumulated income is carried forward to the monetary fund share once a month. At the time of redemption, it is 1 share 1 yuan. If your cumulative share is10.05 million shares, it will be10.05 million yuan at the time of redemption. ?

Extended data:

Product characteristics

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 money funds, 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. Generally, their annual net return rate can be compared with the one-year time deposit 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.

In addition, general money market funds can also be converted with other open-end funds under the fund management company, which is efficient, flexible and low-cost. When the stock market is good, it can be converted into stock funds, and when the bond market is good, it can be converted into bond funds. When there are no good opportunities in the stock market and bond market, money market funds are a good haven for funds, and investors can seize various opportunities in the stock market, bond market and money market in time.

References:

Baidu Encyclopedia: Monetary Fund