There are major differences between currency funds and bond funds in terms of investment scope, subscription and redemption time and rates.

In addition, currency funds are open-ended, while bond funds are directional, and currency funds have low returns and low risks, while bond funds have relatively higher returns and higher risks.

1. Different investment scopes Bond funds refer to funds that mainly invest in bonds, including corporate bonds, government bonds, corporate bonds, convertible bonds, etc.

Money funds, or money market funds, refer to funds that invest in money market instruments, including certificates of deposit, central bank bills, and bond repurchases.

2. The time and rates for subscription and redemption are different. Monetary funds do not charge subscription fees, while monetary funds deduct a service management fee of no more than 0.25% from fund fees.

In addition, the net fund value of money funds is fixed at 1 yuan per share, and the portion exceeding 1 yuan will be distributed as dividends, and income will be distributed daily; the subscription fee of bond funds is generally less than 1%, and the net value of the unit changes every day.