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".

According to the types of financial products invested by open-end funds, people divide open-end funds into three basic types: stock funds, bond funds and money market funds. The first two belong to the capital market, and the latter is the money market. Money funds mainly invest in short-term wealth management products with high security, such as bonds, central bank bills and repurchase. , also known as "quasi-savings products". Their main characteristics are "worry-free principal, convenient demand and regular income". Generally speaking, investors are basically risk-free and very flexible, just like current savings. The expected rate of return is between 2-2.5%, which is higher than one-year time deposit. 25% (after tax 1. 8%) interest, and no interest tax; You can redeem it at any time, and usually you can get the money on the third day of applying for redemption. It is very suitable for units and individuals who pursue low risk, high liquidity and stable income.