1. Time of receipt of subscription and redemption of Guangfa Monetary Fund: the time of receipt of subscription of Guangfa Monetary Fund is T+ 1 day; The redemption time of Guangfa Monetary Fund is T+2 days. But now there are also money funds redeemed by T+ 1 and T+ 1 in the market.

2. Monetary fund is an open-end fund that collects idle funds from the society, is operated by the fund manager and kept by the fund custodian. Different from other types of open-end funds, money market instruments that specialize in investing in low risks have the characteristics of high security, high liquidity, stable income and "quasi-savings".

Money 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.