The calculation of money fund income is 10,000 cumulative income: 10,000 cumulative income is the amount of cumulative income per 10,000 fund units in a period of time. The calculation method is to accumulate the daily income of 10,000 fund units of the Monetary Fund during this period.

Ten thousand cumulative income reflects the total income of monetary funds in a period of time. When converted into the yield, the accumulated yield of ten thousand copies is 100 yuan, which is equivalent to the yield of100/10000 = 1%.

Without considering the compound interest income, the income calculation formula is: the income of the day = the fund share × the income of the money fund of the day/10000.

There is no handling fee for the subscription and redemption of money funds. The only way to pay dividends is "dividend to investment", and the accumulated income is carried forward to the monetary fund share once a month. At the time of redemption, it is 1 share 1 yuan. If your cumulative share is10.05 million shares, it will be10.05 million yuan at the time of redemption.

Extended data

Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable income and "quasi-savings".

Due to the emergence of digital currency, a new type of money fund-virtual money fund has appeared in the field of money fund.

The assets of the Monetary Fund are mainly invested in short-term monetary instruments (generally within one year, with an average term of 120 days), such as treasury bonds, central bank bills, commercial bills, bank time deposit certificates, government short-term bonds, corporate bonds (with high credit rating), interbank deposits and other short-term securities.

In fact, the investment scope of these money market funds are all varieties with high safety factor and stable income. Therefore, for many enterprises and individuals who want to avoid the risks in the securities market, money market funds are a natural haven. Under normal circumstances, you can get higher income than the interest on bank deposits, but the money fund can't guarantee the safety of the principal.

References:

Baidu encyclopedia monetary fund