Equity funds are investment vehicles that primarily invest in stocks or shares of companies. They aim to provide investors with capital growth over time by taking advantage of the potential appreciation in the value of these stocks. Equity funds can vary in focus, including large-cap, mid-cap, or small-cap companies, and may also target specific sectors or regions. Investors in equity funds typically buy shares in the fund, which are managed by professional fund managers. These managers research and select stocks to create a diversified portfolio, helping to spread risk. Equity funds can be a suitable option for those looking to invest for the long term and willing to accept market fluctuations.