Yes.
Fund halving means that the fund's decline reaches about 50%, which means that the fund has fallen significantly. Generally, it is difficult to recover the capital in the short term after the fund is halved.
General funds are less likely to be cut in half, while stocks are more likely to be cut in half. The fund mainly invests in a basket of stocks, and the rise or fall of the fund is determined by this basket of stocks. Unless it encounters extreme market conditions, otherwise It is very rare for a fund to be cut in half.