Equity Fund Classification by SEBI

Sr.No.	Category of Schemes		Scheme Characteristics		Type of scheme (uniform description of scheme)
1	Multi Cap Fund		Minimum investment in equity & equity related instruments- 65% of total assets		Multi Cap Fund- An open ended equity scheme investing across large cap, mid cap, small cap stocks
2	Large Cap Fund		Minimum investment in equity & equity related instruments of large cap companies- 80% of total assets		Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocks
3	Large & Mid Cap Fund		Minimum investment in equity & equity related instruments of large cap companies- 35% of total assets Minimum investment in equity & equity related instruments of mid cap stocks- 35% of total assets		Large & Mid Cap Fund- An open ended equity scheme investing in both large cap and mid cap stocks
4	Mid Cap Fund		Minimum investment in equity & equity related instruments of mid cap companies- 65% of total assets		Mid Cap Fund- An open ended equity scheme predominantly investing in mid cap stocks
5	Small cap Fund		Minimum investment in equity & equity related instruments of small cap companies- 65% of total assets		Small Cap Fund- An open ended equity scheme predominantly investing in small cap stocks
6	Dividend Yield Fund		Scheme should predominantly invest in dividend yielding stocks. Minimum investment in equity- 65% of total assets		An open ended equity scheme predominantly investing in dividend yielding stocks
7	Value Fund*		Scheme should follow a value investment strategy. Minimum investment in equity & equity related instruments - 65% of total assets		An open ended equity scheme following a value investment strategy
Contra Fund*		Scheme should follow a contrarian investment strategy. Minimum investment in equity & equity related instruments - 65% of total assets		An open ended equity scheme following contrarian investment strategy
8	Focused Fund		A scheme focused on the number of stocks (maximum 30) Minimum investment in equity & equity related instruments - 65% of total assets		An open ended equity scheme investing in maximum 30 stocks (mention where the scheme intends to focus, viz.,
9	Sectoral/ Thematic		Minimum investment in equity & equity related instruments of a particular sector/ particular theme- 80% of total assets		An open ended equity scheme investing in __ sector (mention the sector)/ An open ended equity scheme following __ theme (mention the theme)
10	ELSS		Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance)		An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit