Since equity funds are a bit riskier than other types of funds, it is generally advised that young people, who can afford to take more risks as compared to people who are nearing their retirement, can invest in equity funds.
Equity funds are best suited if you are looking to invest for a long term investment with higher returns. Simply put if you are willing to bet for long run in pursuit of higher returns, it is the best time to invest in equity mutual funds.
