In the zone
Yes that's why average returns can be approximately 15/20 over a decade or 2. Traders loose gain money everyday not really mf investors unless they withdraw at a loss.That's correct but don't say Loses are rare. Investors are gaining and losing money everyday. That's why they say Investments (Stocks, MF) are subject to market risks please read the offer document carefully.
Today if your MF portfolio is showing 20% returns tomorrow it could be 10%. Everything is a gamble here and luck.