These funds invest a maximum part of their corpus into equities holdings. The structure of the fund may very different for different schemes and the fund manager’s outlook on different stocks. The Equity Funds are sub-classified depending upon their investment objective, as follows:

• Large Cap Funds
• Large and Mid Cap Funds
• Mid Cap Funds
• Mid Cap and Small Cap Funds
• Small Cap Funds
• Multi Cap Funds
• Sector Specific Funds (Infrastructure, Banking, Pharma,  Auto, IT, PSU, FMCG)
• Global Equity Fund

Equity investments are meant for a longer time horizon, thus Equity funds rank high on the risk-return matrix.