假期访谈了十多位基民，发现这些新变化

Core Insights - The total scale of public funds in China reached 36.25 trillion yuan by the end of August 2025, marking the fifth historical high this year and the first time surpassing the 36 trillion yuan threshold [1][3][4] Fund Industry Overview - As of August 2025, there are 164 public fund management institutions in China, including 149 fund management companies and 15 asset management institutions with public qualifications [3] - The net asset value of public funds increased by 1.17 trillion yuan from the end of July, representing a growth rate of 3.34% [3] Investor Behavior Changes - Interviews with over ten investors during the National Day and Mid-Autumn Festival revealed a shift towards increased allocation in equity funds, preference for passive index products, and a focus on technology-themed funds [1][4] - The number of public fund investors has exceeded 800 million, highlighting the industry's role in serving the real economy and promoting financial stability [3] Investment Strategies - Investors are adopting a diversified investment approach, with many holding multiple types of funds, including money market funds, mixed funds, and passive index funds [6] - There is a trend towards more rational investment timing, with investors employing strategies like cost averaging and flexible trading, moving away from reliance on specific investment "celebrities" [6][7] Profile of Investors - The interviewed investors are primarily aged between 30 and 40, with diverse professional backgrounds and educational levels, all holding various fund positions [4] - Some investors have significant holdings, with amounts ranging from under 10,000 yuan to approximately 500,000 yuan [4]