T+0 concept
T+0 fund, due to its uniqueness, many transactions in our country are T+1 transactions. The typical representative is stocks. Due to T +1 requires overnight risk. Many investors are eager to achieve T+0 transactions. I believe that many investors do not know what T+0 funds mean. In layman's terms, funds can be traded at T+0.
T+0 Features
Money fund refers to an investment fund that invests in short-term (within one year, average period of 120 days) securities in the money market. Money market funds have the characteristics of stable income, strong liquidity, low purchase limits, and high capital security.
The redemption amount is limited, and achieving T+0 may sacrifice yield. Monetary funds can achieve "T+0" redemption mainly because banks or fund companies themselves advance funds and pay in advance. Therefore, each company has a limit, most of which are no more than 50,000 yuan, and the highest is no more than 500,000 yuan for Guangfa Currency. Therefore, if investors need larger amounts of funds, they need to make preparations in advance and redeem through normal channels two days in advance.