Equity income funds usually to invest in larger more stable companies which have usually stopped growing quickly. These companies tend to be large and established, which in itself is a benefit eg BP, Vodafone, the big banks
They pay dividends to their shareholders as a means of creating loyalty; why sell your shares if they provide you with a steady income?
Which funds are best?
There are 83 UK Equity Income.
The best fund grew by 18.47% in 2006, the worst 0.1%
Over 10 years 257.59%, the worst 0.64%.
Take independent advice & don’t rely on hearsay.