Equity categories
- Large-cap: top 100 companies. Stable, 11–13% long-term.
- Mid-cap: rank 101–250. Higher growth, more volatile.
- Small-cap: rank 251+. High return, high risk.
- Flexi-cap: fund manager moves across market caps.
- ELSS: tax-saving under 80C, 3-year lock-in.
Debt categories
- Liquid: park surplus for 7–90 days.
- Short duration: 1–3 year goals.
- Corporate bond: 3–5 year horizon.
Hybrid
Balanced advantage funds (BAF) dynamically shift between equity and debt — great for first-time investors.


