Equity Funds are a type a mutual funds which primarily invests in equity and stocks. Equity funds have an investment objective of high growth. They are categorized into different market capitalizations, like:

1. Large cap funds, which primarily invests in companies with a large market capitalization
2. Mid cap funds, which primarily invests in companies with a medium market capitalization
3. Small cap funds, which primarily invests in companies with small market capitalization
4. Micro cap funds, which primarily invests in companies which are very small
5. Multi cap funds, which invests in companies of various market capitalizations