Recently, the expansion of funds has been very rapid. After several new funds were approved, the pace of fund split also gradually accelerated. By February 20th, this year, seven equity-oriented mutual funds have been approved for splitting. But since the beginning of 2008, the A-share market has continued to adjust, with an adjustment amplitude reaching 30%. However, with the launch of new funds and the split of old funds, the market is gradually stabilizing after fluctuations. Data from Morningstar shows that this year, only 16 open-end funds have a positive net asset value growth rate. It can be seen that in a volatile market, fund investors should not blindly invest in funds.