. . . . . . . . schemes are seen as riskier than . . . . . . . . schemes.

Answer: Option B

Equity schemes invest mainly in shares of companies and stock market instruments

These market values fluctuate frequently and are affected by market volatility, economic conditions and company performance

Therefore equity based mutual fund schemes carry higher risk

Debt schemes invest mainly in fixed income securities like bonds, government securities and treasury bills

These provide more stable returns and carry lower risk compared to equity

Hence equity schemes are seen as riskier than debt schemes

Therefore the correct answer is Option B (Equity, debt)