Hello, the seven-day annualized rate of return of the fund is the annual real interest rate. The 7-day annualized rate of return is the interest rate obtained by compounding the 7-day interest rate in a year. If 7-day annualized rate of return /360/7= one-day rate of return, one-day rate of return ×360= annual rate of return.

I. Funding

Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.

Second, annualized rate of return.

The calculation method of annualized rate of return is to convert the current rate of return (daily rate of return, weekly rate of return, monthly rate of return) into annual rate of return, which is a theoretical rate of return, not an actual rate of return. Annualized rate of return The annual rate of return converted from the net income per 10,000 fund shares of the Monetary Fund in the past seven days. There are two ways to carry forward money market funds: 1. "Daily dividends are carried forward on a monthly basis", which is equivalent to daily simple interest and monthly compound interest; 2. "Daily dividends are carried forward daily", which is equivalent to daily compound interest.

Third, the difference between annualized rate of return and annual rate of return.

The annual rate of return is the ratio of the actual return of an investment within one year. The annualized rate of return is the return of investment (commonly used by money funds) within a period of time (such as 7 days). Assuming that the year was at this level, the annual rate of return was converted. Because annualized rate of return is variable, annualized rate of return is not necessarily the same as annualized rate of return.

Fourth, calculation

The annualized rate of return refers to the rate of return obtained by investing for one year.

Annualized rate of return = [(return on investment/principal)/investment days] *365 × 100%

Annualized income = principal × annualized rate of return

Actual income = principal × annualized rate of return × investment days /365

For example, a wealth management product sold by a bank claims that the annualized rate of return of 9 1 day is 3. 1%, so if you buy 1 ten thousand yuan, the actual interest you can receive is1* 3.1%* 91/30. In addition, it should be noted that the general bank's wealth management products do not bear interest on the same day as bank time deposits, and return the principal and interest at maturity. 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 rate of return of funds is only 772.88 * 365/(1kloc-0/* 65438+ten thousand) =2.79%. Assuming that the actual annualized rate of return of funds is y, the equation 65438+ million * (9 1+ 10) can be listed. The absolute income is 772.88/65438+ million =0.7728%.