Can the fund lose 1.2 million a day?
I am sure I can! As the fund belongs to a financial product with non-guaranteed floating income, there is no fixed standard for how much a fund owes a day, mainly depending on the type of fund. The types of funds mentioned here are mainly classified according to the investment direction of funds. In this way, funds can be divided into stock funds, hybrid funds, bond funds and monetary funds. Take stock funds as an example. Although it is still possible to fall by more than 10% at most without falling by 20% a day, this situation is rare. Generally speaking, there are more stock funds that fall more than 5% a day. The biggest drop of most equity funds in a day is between 5%- 10%. Calculated by 8% decline, if one day loses120,000, the accumulated principal =120,000/8% =1500,000.