National debt is a bond issued by the state, a government bond issued by the central government to raise financial funds, and a debt certificate issued by the central government to investors, which promises to repay the principal and interest within a certain period of time. Because the issuer of national debt is the country, it has the highest credit and is recognized as the safest investment tool.
Fund refers to a collective investment method in which the funds of many investors are pooled by selling fund shares to form independent assets, which are managed by fund custodians and fund managers and share benefits and risks through portfolio investment.
Securities investment fund is an indirect way of securities investment. By issuing fund shares, fund management companies concentrate investors' funds, which are managed by fund custodians (that is, qualified banks) and managed and used by fund managers to invest in financial instruments such as stocks and bonds, and then * * * bear the investment risks and share the benefits.
Simply put, national debt means that the state borrows money from enterprises and individuals, and promises the repayment period, pays interest, and returns the principal at maturity. For ordinary people, it is similar to saving time deposits in the bank to earn interest.
A fund is to give money to professionals to help you invest, such as buying stocks, bonds and bills. To earn investment income and bear risks at the same time, and pay the management fee of 1%-2% of the principal to the fund manager every year.
Treasury bonds have no risk of principal and income, while funds may have risks, such as investment principal 100%, and the recovery may become 80%, but the risk is directly proportional to the income, and the income of funds is usually higher than that of treasury bonds.