An equity mutual fund focuses on investing in stocks and equity-linked instruments with the goal of achieving long-term capital growth. It suits investors with a higher risk appetite looking for wealth creation over time.

Hybrid mutual funds allocate investments across both equities and fixed-income securities to balance growth potential with financial stability. They are suitable for investors seeking moderate risk with diversified returns.

Solution-oriented mutual funds are tailored to help investors achieve specific life goals like retirement planning or children's education, often featuring a lock-in period. They are best suited for long-term investors with clearly defined financial objectives.

Other mutual funds encompass categories like Index Funds, ETFs, and Fund of Funds, each designed to serve distinct investment strategies and goals. They offer flexible options for investors based on market trends, risk tolerance, and return expectations.