Have you ever been asked the question whether you are a growth investor or a value investor? Or have you ever wondered which approach to investing is better, growth or value? If you are an equity investor, then chances are that at some point in time or the other you must have heard of the terms growth and value. Growth and value investing are the two primary approaches to investing in equity or equity mutual funds. Growth investors, as the name suggests, seek to invest in stocks that offer a strong future earnings potential while value investors seek to invest in stocks that are available at a discount to their expected fundamental value. However, instead of a growth versus value debate, investors should choose to invest in both kinds of stocks as the two styles complement each other and can help diversify your portfolio when used together.