XML 13 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Mar. 31, 2014
Registrant Name dei_EntityRegistrantName VIRTUS EQUITY TRUST
Central Index Key dei_EntityCentralIndexKey 0000034273
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol vet
Document Creation Date dei_DocumentCreationDate Nov. 12, 2014
Document Effective Date dei_DocumentEffectiveDate Nov. 13, 2014
Prospectus Date rr_ProspectusDate Jul. 29, 2014
VIRTUS MID-CAP VALUE FUND
  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] vet_SupplementTextBlock

Virtus Mid-Cap Value Fund

and Virtus Small-Cap Core Fund,

each a series of Virtus Equity Trust

 

Supplement dated November 12, 2014 to the Summary and

Statutory Prospectuses dated July 29, 2014

 

Important Notice to Investors

 

Effective November 12, 2014, Virtus Mid-Cap Value Fund and Virtus Small-Cap Core Fund began offering Class R6 Shares, in addition to the share classes already offered by each fund. Accordingly, each fund’s prospectuses are hereby amended to add the following disclosure.

 

Both Funds

 

The fund and ticker symbol table on the front cover of the statutory prospectus is hereby revised to add a column entitled “Class R6 Shares” and to include the ticker symbol VMVRX in the row for Virtus Mid-Cap Value Fund and VSCRX in the row for Virtus Small-Cap Core Fund and leaving blank the new Class R6 column in each of the rows for the other funds named in the table.
Risk/Return [Heading] rr_RiskReturnHeading
Virtus Mid-Cap Value Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
The tables under “Fees and Expenses” in the fund’s summary prospectus and the summary section of the statutory prospectus are hereby revised to add the Class R6 column as shown below:
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption
Shareholder Fees (fees paid directly from your investment)
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)
Expense Example [Heading] rr_ExpenseExampleHeading
The Example table is hereby revised to add the Class R6 row as shown below:
VIRTUS MID-CAP VALUE FUND | Class R6
  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VMVRX
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.23% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99%
1 Year rr_ExpenseExampleYear01 $ 101
3 Years rr_ExpenseExampleYear03 315
5 Years rr_ExpenseExampleYear05 547
10 Years rr_ExpenseExampleYear10 1,213
1 Year rr_ExpenseExampleNoRedemptionYear01 101
3 Years rr_ExpenseExampleNoRedemptionYear03 315
5 Years rr_ExpenseExampleNoRedemptionYear05 547
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,213
[1] Estimated for current fiscal year, as annualized.