Commonly, Mutual Funds do not offer guaranteed returns to investors. Although, SEBI regulations allow Mutual Funds to offer guaranteed returns subject to the Fund meeting certain conditions, most Funds do not guarantee returns. In case guaranteed return schemes,  the AMC  guarantees a minimum level of return and makes most of  the difference if the actual returns are lesser  than the minimum guaranteed. Guarantor`s name and the mode in which the guarantee shall be met must be disclosed in the offer document by the Mutual Fund. Investments in mutual funds are not guaranteed by the Government of India, the Reserve Bank of India or any other government body.