it depends on the type of mutual fund you want to invest in
to be simple most mutual fund in the market invest in stocks so if stocks goes up you gain and if it goes down you lose but some of them guarantee your investment so you can not loose the amount you invest but there is no guarantee about the profit .
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Did you invested 8 year before ? Did the fund grow ??
http://en.wikipedia.org/wiki/Mutual_funds
it depends on the type of mutual fund you want to invest in
to be simple most mutual fund in the market invest in stocks so if stocks goes up you gain and if it goes down you lose but some of them guarantee your investment so you can not loose the amount you invest but there is no guarantee about the profit .