What kind of money market fund is Southern Cash Pass? Why is redemption only one day?

It's not just open for one day, it's from February 20 to subscribe and redeem.

Thereinto. Class A ** shares are open for subscription and redemption business, and Class B and Class C ** shares are not open for subscription business, only redemption business. Class B and Class C** shares are automatically upgraded by the system after meeting certain conditions based on the holding time or holding quantity.

Since February 20, 2014, the large-amount subscription business of the Southern Cash Pass money market** has been restricted, that is, the maximum amount of cumulative subscription of A-grade shares for each trading account in a single day is 1 million yuan (inclusive), and if the cumulative subscription amount of A-level shares for each trading account in a single day exceeds 1 million yuan, the ** manager has the right to refuse.

This ** invests in financial instruments allowed to be invested by laws, regulations and regulatory authorities, including cash, call deposits, bank deposits and large-denomination certificates of deposit within one year (including one year), bonds and medium-term notes with a remaining maturity of less than 397 days (including 397 days), ** bank bills with a maturity of less than one year (including one year), bond repurchase with a maturity of less than one year (including one year), short-term financing bonds, asset-backed assets with a remaining maturity of less than 397 days (including 397 days), and the China Securities Regulatory Commission, Other liquid money market instruments recognized by the People's Bank of China. If laws, regulations or regulatory authorities allow investment in other varieties in the future, the manager may include them in the investment scope after performing the appropriate procedures.

Southern Cash Pass includes cash, call deposits, bank deposits and large-amount certificates of deposit within one year (including one year), bonds and medium-term notes with a remaining maturity of less than 397 days (including 397 days), ** bank bills with a maturity of less than one year (including one year), bond repurchase with a maturity of less than one year (including one year), short-term financing bonds, and a remaining maturity of 397

Asset-backed assets within 397 days** and other liquid money market instruments recognized by the China Securities Regulatory Commission and the People's Bank of China. One day of redemption is a rule.

The basic information is shown in the following figure:

The income during the one-month closure period is good, with an average daily income of more than 10,000 yuan;

After opening the subscription, the net value of the latest trading day is only 1 yuan and 1 dime and 8 cents per 10,000 shares; The difference in earnings is too great;

It is recommended not to subscribe to this currency**;

Southern cash profit-increasing currency **a has a good return; Can be subscribed;

Daily calculation, daily carryover, classified calculation.

Different from the existing currencies in the market, the Southern Cash Pass Currency** has three categories: A, B and C. Among them, only Class A shares are open for subscription and subscription, while Class B and Class C are automatically upgraded and generated by the system according to the holding time or holding quantity.

For example, if the share of this currency** on the account is less than 100,000, but the holding time reaches 7 days, the share will be automatically upgraded from Class A to Class B; If the share continues to be held for 14 days, it will be automatically upgraded to a Class C share. In addition, if there are more than 100,000 shares of this currency** on the account, the Class A shares purchased by the account will be automatically upgraded to Class B shares; If it reaches or exceeds 500,000 shares, it will be automatically upgraded to Class C Negotiation Share. The system only upgrades the ** shares that meet the conditions, and does not downgrade them.

For different share categories, different management fees and sales service fees will be accrued and decreased in order of A, B and C. That is, the longer the investor holds it, or the more shares it holds, the lower the management fee and sales service fee will be accrued.

The total one-year management fee and sales service fee for Class A are, and the shares of Class B and C are and respectively. The mainstream price code in the market is that some innovative Internet exclusive currencies** are the lowest. Due to the fact that these expenses are not the same from the ** assets, the income of each category is different, and the published income of 10,000 shares of each category is the standard for leniency.

If you don't understand anything, please sincerely welcome to ask; If you are lucky enough to help you, please be in time! Han Qiaochang: Thank you!

**All are distributed according to the benefits of each serving.

I don't know about this, I haven't heard of it.