Not necessarily. Today's funds are divided into two types, closed-end funds and open-end funds.

Closed-end funds have a fixed size and fixed period. For example, the fund contract is 10 years. If you buy the fund 10 years ago, you can only redeem it 10 years later. This ensures that the fund will not be used for at least 10 years.

Liquidation.

Open-end funds have no duration and no certain size restrictions, but if the assets are less than 50 million, they will be liquidated.

After an open-end fund has gone through a certain closed period, investors can make redemptions freely. Sometimes when the market conditions are not good or the fund performs poorly, it will encounter huge redemptions and cause the fund to be liquidated.

Therefore, a good fund may exist for several years or even decades, while a bad fund may not survive even one year.