1. Equity Funds
The most popular fund among investors in search of substantial growth in the long term is equity mutual funds. These mutual funds basically invest in stocks of various companies. In this scheme, high returns are always possible, but the risks are higher, as there is a greater volatility attached to the stock markets. Thus, this fund remains mostly for the investors, who can easily bear a short-term oscillation of the market on the prospects of possible gain in the long term.
There are further sub-categories available under the category of equity funds.
Large-Cap Funds: Such a fund invests in large established companies whose earning is stable. Under normal circumstances, they are quite less volatile than any other equity fund.