Equity mutual funds are a type of investment vehicle that allow individuals to invest in a diversified portfolio of stocks. These funds pool money from various investors, which is then invested in a portfolio of stocks selected by a professional fund manager.Investing in equity mutual funds can potentially lead to riches, as stocks have historically outperformed other types of investments over the long-term. Equity mutual funds provide investors with the opportunity to invest in a diversified portfolio of stocks, which helps reduce the risk of investing in individual stocks.Equity mutual funds provide the potential for high returns, but they also come with risks. The value of the fund can go up or down depending on the performance of the underlying stocks. It's important to carefully consider your investment goals, risk tolerance, and time horizon before investing in equity mutual funds.Overall, equity mutual funds can be a great way to build wealth over the long-term, but it's important to do your research and consult with a financial advisor before making any investment decisions.