Interbank deposit certificates are book-entry time deposit certificates issued by banking deposit financial institutions in the national interbank market. So what does the interbank deposit receipt index fund mean? Is the yield higher than that of the money fund? We have prepared relevant contents for your reference.

What does the Interbank Deposit Certificate Index Fund mean?

Interbank deposit index funds refer to funds that invest in interbank deposit certificates, which are book-entry time deposit certificates issued by banking deposit financial institutions in the national interbank market. Generally speaking, there is little risk and good liquidity.

Interbank deposit receipt index fund has the advantages of clear investment target, short portfolio duration, controllable credit risk and good liquidity. It can be used as an effective supplement to cash management products and is a low-risk financial management tool with low volatility and high liquidity for investors.

Is the yield of interbank deposit receipt index fund higher than that of money fund?

Relevant data show that in the fourth week of August, the interest rates of interbank deposit certificates of various maturities were 1 month 2.77%, 3 months 3. 18% and 6 months 3.69% respectively.

Take the monetary fund as an example: the lowest income of Alipay Monetary Fund is that the seven-day annualized rate of return of Xinwotongbao Monetary Fund A is 1.68 1%, and the highest is that the seven-day annualized rate of return of Hongtu Innovation Youchun Monetary Fund A is 3. 174%.

It can be seen that there is little difference between income and money fund, but they are all from a big perspective. If you buy a fund, the daily increase of the fund will change, which does not necessarily mean that the rate of return of a fund will be high. It must be analyzed from the past performance of the fund itself, the fund manager and the fund scale.