The risk and return of the fund are in direct proportion, and investors should understand the characteristics of the risk and return of the fund in order to obtain relatively ideal returns under the premise of controlling risks. There are two risk grades of funds: 1, which can be classified according to risk types. There are seven types of high-risk funds: standard stock funds, common stock funds, standard index funds, enhanced index funds, partial stock funds, flexible allocation funds and stock-debt balance funds. Funds classified as medium risk include: partial debt funds and ordinary bond funds (Grade II) ***2. Funds classified into low-risk categories are: long-term standard bond funds, short-term standard bond funds, ordinary bond funds (Grade I), principal guaranteed fund, money market funds (Grade A) and money market funds (Grade B) ***6. 2. According to the risk score, it can be divided into five categories: generally, the risk score is calculated according to the average stock position and performance volatility of the fund, and then the risk score of the fund product is obtained on average: the main characteristic risk score of the risk grade >; 5 Risk score of high-risk stock funds ≥4.5 Risk score of higher-risk stock funds and hybrid funds 3.5-4.4 Risk score of medium-risk hybrid funds and bond funds 2.5-3.4 Risk score of lower-risk hybrid funds and bond funds < 2.5 Risk score of low-risk short-term debt funds or money market funds.