Pure debt funds are not capital-guaranteed products and may lose money. It is a fund that specializes in investing in bonds, and the income from bonds is mainly the interest income of bonds and the spread income from bond transactions.

The net value of bond funds is inversely proportional to the bond interest rate. When the bond interest rate falls, the net value of the bond fund will rise, and when the bond interest rate rises, the net value of the bond fund will fall. When the bond market has accumulated a large increase in the early stage, if it is profitable, it will sell its assets, which will also lead to a decline in bond prices.