First of all, China Merchants Fund and China Merchants Bank are two different things. China Merchants Fund is a joint venture fund company, and China Merchants Securities is one of the shareholders.

Generally speaking, bank funds are better as bond funds and money funds, but stock funds are not.

I suggest you go to Morningstar to check the performance of specific funds, and it will be clear naturally. In addition, Morningstar.com has an evaluation report on fund companies, which you can read if you are interested.

As for the risk, it is generally only for equity funds, because the risk of money funds and bond funds is relatively small. If you buy more than two equity funds of a fund company, there may be risks, because there is a problem of shareholding concentration, that is, the stocks held by the stock base of the same fund company are likely to be repeated.