"No, if it really falls too much, the fund may be liquidated, but it will not be left, but there will be more losses." You're right. The fund will not leave you a penny, at least it will leave you a penny. If it goes bankrupt, you don't have to worry about such risks, no matter whether the fund company goes bankrupt or leaves with money. Remember, you buy funds through banks or securities. If it is bought through a bank, it belongs to the CBRC. If it is bought through securities, it will be under the control of the CSRC. Bankruptcy and other risks are borne by banks and securities companies. Fund companies manage assets only for investment, without your cash. Don't be afraid. If something goes wrong, just look for banks and securities companies.