Mutual funds, like all investments, carry some level of risk. The value of the fund's holdings can go up or down in response to market conditions, and this can affect the value of your investment. Additionally, the fund's management fees and expenses may also reduce the overall return on the investment. However, it's important to note that diversifying your investment portfolio with different types of assets can help to manage risk and it is not unusual for mutual funds to have ups and downs, but over a long-term period they have the potential to provide a higher return than savings account or bonds.