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Virtus SGA New Leaders Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Virtus SGA New Leaders Growth Fund (the “Fund”),

a series of Virtus Equity Trust

 

Supplement dated November 30, 2021 to the Summary Prospectus

and the Virtus Equity Trust Statutory Prospectus,

each dated February 1, 2021, as supplemented

 

Important Notice to Investors

 

Effective December 1, 2021, the Fund’s investment adviser, Virtus Investment Advisers, Inc., will implement a new expense limitation arrangement to further limit the Fund’s expenses. This change is described in more detail below.

 

Virtus SGA New Leaders Growth Fund

Risk/Return [Heading] rr_RiskReturnHeading Virtus SGA New Leaders Growth Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Annual Fund Operating Expenses” table and associated footnotes will be replaced with the following:

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Jan. 31, 2023
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

Under “Fees and Expenses,” the “Example” table is hereby replaced with the following:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

Investors should retain this supplement with the Prospectuses for future reference.

Virtus SGA New Leaders Growth Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 2.55%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.60%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.26%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.34% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 679
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,394
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,130
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,060
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 679
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,394
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,130
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,060
Virtus SGA New Leaders Growth Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 2.55%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.35%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.26%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 2.09% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 312
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,113
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,026
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,361
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 212
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,113
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,026
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,361
Virtus SGA New Leaders Growth Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 2.52%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.32%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.23%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.09% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 111
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 813
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,538
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,461
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 111
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 813
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,538
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,461
Virtus SGA New Leaders Growth Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 2.45%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.25%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.34%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.91% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 93
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 781
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,494
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,388
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 93
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 781
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,494
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,388
[1] The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.34% for Class A Shares, 2.09% for Class C Shares, 1.09% for Class I Shares and 0.91% for Class R6 Shares through January 31, 2023. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.