Generally speaking, no matter how the fund falls, there is almost no possibility of falling. Because funds usually invest in dozens of stocks, if you want the fund to fall, unless these dozens of stocks go bankrupt. You have to say that the fund has never stepped on thunder, and many people may not believe it (I don't believe it either), but it is almost impossible to step on dozens of stocks at the same time.

and if it does happen, there is only one explanation, that is, the fund is leveraged. For example, the accumulated net value of Soochow Convertible Bond Fund B (15165) not only disappeared, but also fell to a negative value:

At present, there are mainly three types of funds involving leverage:

1? Active bond fund

2? Funds that invest in stock index futures and commodity futures

3? Grading fund