Not necessarily, the fund liquidation condition: 1, when the fund assets scale is less than 50 million yuan for 20 consecutive trading days; 2. When the number of fund holders is less than 200 for 20 consecutive trading days. This means that the fund size must be less than 50 million yuan for 20 consecutive trading days to trigger the liquidation conditions. If it has not reached the scale of less than 50 million yuan for 20 consecutive trading days, it will not be closed.

After the liquidation of the fund, the remaining assets of the fund will be distributed to investors according to their shares. Fund liquidation is mainly caused by poor fund performance, and there are also force majeure factors that cause fund liquidation. After the liquidation of the fund, investors can only obtain the remaining assets of the fund, and the losses of the investment fund shall be borne by the investors themselves. Before the fund is liquidated, a liquidation announcement will be issued in advance and investors will be informed by SMS. Investors can redeem the fund operation or change the fund operation within the period before liquidation.