The money fund itself has the nature of "quasi-savings", and its income is about 10 times that of current savings, which is a good financial management method for short-term idle funds. "Monetary Fund T+0" is more aimed at securities account investors, and the enhancement of liquidity will sacrifice the rate of return to a certain extent.

After breaking the weakness of slow liquidity of traditional money funds, the liquidity of current money fund T+0 is getting closer to demand deposits. But in the short term, the new money fund can't completely replace cash, because it is more aimed at investors in securities accounts, and it will take another day for funds to be transferred from securities accounts to bank current accounts. The liquidation speed is "quasi-T+0", which is possible but not desirable.