Equity funds refer to funds that invest in equity assets such as stocks and equity funds. Stocks are equity commodities, and holding company stocks gives you the right to share the company's profits, so stock funds usually refer to funds that invest in the form of dividends. The advantages and disadvantages of stock funds 1 and the high turnover rate of funds reflect the frequency of fund stock trading operations. At present, the turnover rate of stock funds in China is generally high, and the average turnover rate of stock funds even reaches more than 500%. The high turnover rate shows that the fund operates very frequently, and it is necessary to change positions every 2 to 3 months, which is easy to cause instability of the fund. Ordinary individual investors are always used to buying funds at high points and redeeming funds at low points, so the profit experience of equity fund investors is not good. 2. The risk is high. Although the general trend of the current market is to break the exchange, many investors are still accustomed to the traditional fixed expected return products. Equity funds fluctuate greatly, and the risk level is mostly medium to high. In addition, Public Offering of Fund's professional ability is still insufficient, so there are not many investors who buy stock funds. 3. Guiding the concept of value investment The development of equity funds will force fund companies to continuously improve their active management capabilities, and will also make investors pay more attention to the role of long-term investment and value investment.