Equity mutual funds invest predominantly in equities. They usually deliver higher returns than debts funds but they also have a high element of risk. Equity funds can be further classified under largecap, midcap, smallcap, multicap, diversified, thematic and ELSS.
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Debt mutual funds invest in corporate and government bonds, corporate debt securities and money market instruments. They are also known as Income Funds or Bond Funds. These funds are less riskier than equity funds, offer regular income and are recommended to investors who are risk averse.
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These schemes invest in two or more asset categories so that the investor can benefit from both. These kind of funds help you get a balanced portfolio with a mix of equity and debt instruments. It aims for the potential growth of equities and also provides stability to your portfolio.
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