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Equity Funds primarily invest in equity shares. Minimum 65% in equity shares is mandatory for Equity funds.
They carry the principal objective of capital appreciation of the investment over a medium to long-term investment horizon.
They are best suited for investors who are seeking long term growth.

Equity Funds are further categorized into following sub categories

Sub Category	Characteristics
Multi Cap Fund	65% of total assets in equity & related instruments with no market cap bias
Large Cap Fund	Minimum 80% of total assets in large cap companies
Large & Mid Cap Fund	Minimum large cap companies- 35% of total assets & min mid cap stocks- 35% of total assets
Mid Cap Fund	Minimum investment in mid cap companies- 65% of total assets
Small cap Fund	Minimum investment in small cap companies- 65% of total assets
Dividend Yield Fund	Predominantly invests in dividend yielding stocks with minimum 65% investment in equity
Value Fund	Follows value investment strategy with minimum 65% investment in equity
Contra Fund	Follows a contrarian investment strategy with minimum 65% investment in equity
Focused Fund	Focused on the number of stocks (maximum 30)
Sectoral/ Thematic	Minimum investment in a particular sector/ particular theme- 80% of total assets
ELSS	Invests 80% of total assets as per Equity Linked Saving Scheme, 2005 notified by Ministry of Finance