Types Of Equity Mutual Funds Equity Mutual Fund Uses Over 60 Per Cent Of Assets To Invest In Firm's Holdings Based On Investment Strategy Like Thematic, Focused Equity And Contra Equity Funds Based On Market Capitalisation Like Large Cap, Mid Cap, Small Cap, Multi Cap Funds Based On Tax Benefits On Gains Like ELSS And Non-Tax Saving Equity Funds Based On Investment Approach By Managers Like Active Or Passive Funds