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Mutual funds that invest in equity (also called stocks or shares) are called Equity Mutual Funds. The objective of Equity Mutual Funds is the Capital appreciation of the investments. The returns of these Equity funds are tied to the stock markets. Various types of Equity Mutual funds are Large Cap, Small/Mid Cap, Flexicap and Sector Funds.
Ocean Finvest Smart Tip 1: Equity Mutual funds are best suited for aggressive investors who are looking for medium to long term investment horizon (at least 3 years +). Check out the 3 or 5 Years Annualized returns of the Equity funds on our website to validate the same for yourself.
Ocean Finvest Smart Tip 2: There is only 10% capital gains tax on equity mutual funds if the customer stays invested for more than 1 year. Moreover this 10% applies only to gains withdrawn above ₹1 lakh in a financial year. This minimizes impact on most investors.