2. Monetary fund refers to a short-term (within one year) securities invested in the money market. The assets of the Fund are mainly invested in short-term monetary instruments, such as treasury bills, commercial paper, bank time deposit certificates, government short-term bonds, corporate bonds and other short-term securities. Money market funds have the characteristics of relatively stable income, strong liquidity and low subscription limit.
However, it takes 2~4 working days for domestic general money funds to submit redemption applications and receive them. Some investors worry that they can't withdraw cash when they are in urgent need, and nearly 40 trillion residents' demand deposit funds can only be idle in their accounts. "T+0 Real-time Redemption of Monetary Fund" means that after the application for redemption is submitted by Monetary Fund, the funds even arrive in real time on the same day. Realizing "money fund T+0" means that money funds with income comparable to time deposits will get the same liquidity as demand deposits. The realization of "monetary fund T+0" is of great significance to the daily cash management of ordinary investors.