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Equity Oriented Mutual Fund:
Equity Oriented Mutual Fund is a mutual fund:
    1. which has been set up under the Mutual Fund Schemes as specified under Income Tax Act. 
    (The specified fund schemes as per Income Tax Act are funds set up by a public sector banks or public financial institutions, or approved by RBI, or registered under SEBI Act/regulations) 
    1. more then 65% of total proceeds of the fund are invested in equity shares of domestic companies.

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