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Then that's not the worst thing. You can totally lose 50% or more in an investment. With low probability, but far from impossible.
– DonQuiKong
Commented Jul 22, 2021 at 13:06
1

Bernie Madoff's company was not a mutual fund. While it's theoretically possible for a mutual fund to be fraudulent, it's very unlikely because of all the regulations.
– Barmar
Commented Jul 22, 2021 at 14:14
For instance, mutual funds are audited on a regular basis.
– Barmar
Commented Jul 22, 2021 at 14:15
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@Barmar Just want to point out that this labelled India. You might want to qualify whether you are sure that's the case in India.
– JimmyJames
Commented Jul 22, 2021 at 19:44
@JimmyJames Didn't notice that. I have no idea if or how this stuff is regulated there.
– Barmar
Commented Jul 22, 2021 at 19:46

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