1. What is a money fund?
Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It is a special investment tool in the money market with low risk. Money fund is a kind of fund, sometimes called "goods-based", which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable expected annualized expected return and "quasi-savings".
Second, how to buy money funds
There are several common channels to buy money funds.
Fund Company official website: Every fund company has its own money fund. To buy this company's fund, you must first understand the qualifications and strength of this company. Fund supermarket: You can find a variety of money fund products on the well-known third-party fund comprehensive service website.
Mobile banking: In addition to fund companies, various banks have also bought money fund products, such as Super Ying Chao of China Merchants Bank, salary bonus of ICBC, Living Treasure of Bank of China and cash treasure of Bank of Communications.
Internet financial management: represented by Alipay Yu 'ebao and WeChat financial management.
The latter two categories are often collectively referred to as "baby products", and their essence is still money funds.
Third, how to choose a monetary fund
1. Choose products with stable and leading expected annualized income. For the money fund, the expected annualized expected return is not much different, because the money fund is less risky and stable. Mainly look at the relatively stable "7-day historical expected annualized expected rate of return" and "15 historical expected annualized expected rate of return".
2. It's best to choose products with a large purchase limit. For example, some money funds have limited quotas and can't be bought if they want. Always remind you not to buy it on holidays.
3. Generally, T+0 is selected as the withdrawal period. Only by supporting real-time cash arrival can we flexibly replace deposits and withdraw cash at any time.
4, T+0 real-time cash withdrawal amount should be open. For example, the balance treasure of a bank can be unlimited for one day, with a maximum of 5000W W W. I think it is enough for ordinary people to withdraw so much money at any time.
5. The bank card supported at the time of purchase must be used frequently by yourself. For example, some fund companies do not support certain cards in T+0 redemption, and do not remind them when buying them. When they need money badly, they find that they can't withdraw it in real time, so they can only be anxious.
6. The transaction time of subscription and withdrawal must be flexible, and it is best to support 7*24 hours service in case of emergency.
7. Whether it's a fund company's direct sales in official website, or a third-party organization, a bank sales organization or an internet cooperation organization, you must choose something that you are familiar with and easy to use.