Equity mutual fund is those which invest in the shares of different companies and the fund manager tries to offer great return from the different sector or with varying market capitalization.
Types: Investment Strategy-based Categorization, Market Capitalization-based Categorization, Investment Style-based Categorization, Tax Treatment- Based Categorization.
Benefits: Equity mutual fund has highest return funds from the mutual fund’s spectrum and the investor gains tax benefits from this mutual fund’s investment. Equity mutual funds are suitable for long-term investors and they perform well for the longer term.