After dealing with the money fund for a long time, it will naturally be found that many fund companies will use almost the same names when naming the money fund, such as E Fund A and E Fund B. Why is the money fund divided into AB? What is the classification basis of AB in monetary fund? Let's discuss it together.

In fact, the difference between Category AB of Monetary Fund is mainly reflected in the initial subscription amount and sales service fee.

1, initial subscription amount

The money fund mainly collects some idle funds from everyone and gathers them for centralized investment. For the initial investment amount, the initial investment amount of Monetary Fund A is usually very low, ranging from 10 cents to 1,000 yuan. The threshold of Monetary Fund B usually needs to reach more than one million.

2. Sales service fee

The low threshold of Monetary Fund A will increase the investment audience. In this way, the more accounts involved, the higher the frequency of subscription and redemption, and the higher the cost of customer service, promotion and publicity. For example, the sales expense of Huaxia Currency A is 0.25%. However, if the same resource serves a super-large customer or order with the same amount of funds on average, its cost will be very small, so its sales service fee will be very low, and the sales service fee of Huaxia Currency B is only 0.0 1%.

The difference of AB service fee of money fund is directly reflected in the historical expected annualized rate of return of seven days and the expected annualized rate of return per ten thousand yuan. So you will see that the expected annualized rate of return in the past year, B is about 0.25% higher than A.