OTC money funds are a kind of money funds that investors have more contact with, such as Yu 'ebao. Such funds have a wide range of subscription channels, such as banks and third-party financial platforms. On-site money funds also belong to a large category of money funds, and the investment direction is similar to that of off-site money funds. So what is the on-site money fund?

1. What is a floor money fund?

The so-called floor usually refers to the secondary market, and the floor money fund is a money fund traded and circulated in the secondary market through the account of the stock exchange. On-site monetary funds include redemption type and transaction type.

The monetary fund in the redemption venue only supports fund subscription and redemption, and cannot be traded. If you purchase on the same day, you can enjoy the expected income on the same day, and you can redeem it on the next trading day after purchase, but the expected income is not calculated on the redemption day. The funds will be received on the redemption date and can be withdrawn on the next trading day.

Support the subscription, redemption and trading of trading floor money funds. If you buy on the same day, you won't enjoy the expected income until the next trading day. However, it can be redeemed or sold on the day of purchase, and interest is also calculated on the day of redemption or sale, and there is no limit on the number of transactions. After the sale, the fund can be traded in the market on the same day.

Second, the difference between on-site money funds and off-site money funds

1, investment threshold is different.

The minimum net redemption value of on-site monetary funds is 100 yuan, and the starting point for subscription of some funds reaches 1000 yuan. Therefore, the subscription starting point of the on-site money fund is higher than that of the off-site money fund.

2. Different redemption restrictions

Generally, OTC money funds have certain restrictions on the daily subscription and redemption share, but OTC money funds have no restrictions on the amount of subscription and redemption.

3. Different ways of expected income.

Both on-site and off-site money funds can get the expected dividend income of the fund, but on-site funds can also use the fluctuation of fund prices to arbitrage in the secondary market.

The above content about what is the on-site money fund, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.