During the MProfit import process we try and identify which funds are equity or debt. However, some of the funds we don't have the information for so you can manually edit the information by right click the mutual fund name and select "Edit Selected Asset"
A mutual fund must have at least 65% of its net assets in equities/stocks to qualify as an equity-oriented mutual fund. Balanced Funds with the equity allocation of more than 65% are classified as equity MF. Monthly Income plans will be debt fund, because they may allocate about 10% to equity shares. To check the exact status of particular scheme, please check with your agent or MF houses to confirm this.For more information, please click the link below.http://www.personalfn.com/tax/faqmf.html