Money fund is a fund product that many new investors will choose to invest when they first enter the market, because it has high security, high liquidity and stable income. Then, during the holidays, will the money fund also have income? Let's take a look together.

Is there any income from the Monetary Fund holiday?

Usually, the holidays of the money fund are profitable, which is one of the charms that the money fund attracts many investors. There is a simple reason. Part of the money fund's income comes from interest income. Although there is no transaction on holidays, it will still generate interest income.

However, investors need to pay attention to the purchase time if they want to get the holiday income of the money fund. The money fund purchases on T day, and the share is confirmed on T+ 1 day, and the income begins to be enjoyed on T+ 1 day. Therefore, in order to get the holiday income, investors need to hold the money fund before the holiday and start to calculate the interest.

For example, if investors want to enjoy the interest of the Spring Festival holiday in 2023, they need to buy funds two days before the festival 15: 00, that is, before 19+09+05: 00. If they buy funds after 19+05: 00 to 20: 00,

In addition, in order to prevent arbitrage of large amounts of funds, some money foundations stop subscription 2 to 3 working days before the long holiday, or restrict subscription of large amounts of funds. Investors should pay attention before purchasing.