Labor Day is a legal holiday in China every year. Most people will have a rest and the stock market will be closed. During this period, many people have time to study wealth management products, such as funds. After all, this is an era of investment and financial management, and many fund novices don't know much about the interest-bearing rules of fund products.

Is there any income from the Labor Day Fund?

It depends on the type of fund. Money funds, bond funds and QDII funds are profitable on statutory holidays and weekends, while index funds, mixed funds and stock funds are not profitable on holidays and weekends. In fact, whether the fund is profitable on weekends and holidays can only be judged by its investment target.

Monetary funds and bond funds mainly invest in bank deposits, government bonds, etc. These investment targets all bear interest for 360 days every year, so the funds that invest in these targets also earn income every day, while stock funds and hybrid funds mainly invest in stocks. The stock market is closed on weekends and legal holidays, so it is not income.

Whether the money fund or the bond fund has any income on May Day mainly depends on the time of purchase. If the fund you bought has not been confirmed before the May Day holiday, there will be no income on May Day. Monetary funds and bond funds must be traded two working days before Labor Day before May Day, in order to have income.

It should be noted that most money funds will update their income every day during holidays, while bond funds will not update their net value although they have income on May 1, and it will take * * * working days to update them.