Equity Mutual Funds
Equity fundsĀ invest a majority of their assets in stocks. These funds are classified into different categories based on the market cap of the stocks they invest in.
Types of Equity funds:
- Large-Cap FundsThese funds invest at least 80% of their assets in the top 100 companies by market capitalization.
- Mid-Cap FundsThese funds invest at least 65% of their assets in the next 150 (101st to 250th) companies ranked by market capitalization.
- Small-Cap fundsSuch funds invest at least 65% of their assets in companies ranked 251 and above by market capitalization.
- Multi-Cap FundsThese funds invest at least 25% of their assets in each of the large, mid, and small-cap stocks.