Diversified equity funds invest in companies regardless of their size, sector and whether they are large caps, mid-caps or small caps. These are pooled investments that build portfolios across several asset classes, regions and/or industry sectors. This becomes an investment strategy for reducing risk in a portfolio while maintaining levels of expected return. According to the fund manager’s perception of the market conditions, the investments can be made. An investor who is ready to take risks and planning to make a long term investment can go for equity funds. As these funds invest in companies across a particular sector or industry, they can choose to invest in engineering industries, automobile industries, financial services, etc. 

Here is a list of the best diversity equity funds:

  • Parag Parikh Long Term Equity Fund - Direct Plan-Growth
  • Edelweiss Multi-Cap Fund - Direct Plan-Growth
  • SBI Magnum Multicap Fund
  • Kotak Standard Multicap Fund
  • IDFC Focused Equity Fund
  • Mirae Asset India Equity Fund
  • Aditya Birla Sun Life Equity Fund
  • Motilal Oswal Multicap 35 Fund 
  • L&T Equity Fund