Generally speaking, 200 yuan will not lose money, but theoretically it can. If it is a stock fund, a hybrid fund or an index fund, the risk level is high and the probability of loss is very high, mainly depending on the trend of the fund. Some of them may lose up to 30%. For example, if an investor buys a stock fund with 200 yuan and loses 30% a year, the lost money is: 200*30%=60 yuan, and there are still many losses.