The primary objective of Equity funds is to generate long-term wealth.
Time horizon for equity investment should be long term. Typically 10 and above.
Entry Load: Nil
Exit Load: Typical Equity funds have 1% exit load if redeemed within 1 year.
Investment Instruments: Equity Funds invest predominantly in shares of listed companies.
A Large cap fund invests in top 100 market cap companies. Mid cap funds invest in top 250 market cap companies. Diversified Funds can invest across market caps.