The influence of high proportion of individuals on fund companies is smaller than that of high proportion of institutions. The research ability of the institution is relatively strong. If there is a problem with the bond fund, the institution can retreat in time, which will affect the net value of the bond and then affect the fund company. Individuals account for a high proportion, and their research ability is not as good as that of institutions, which has little influence on the net value of funds and the fund companies.