Lions don’t eat grass. Similarly, there are no equity funds that are not volatile (risky). Such investments are volatile; it is their nature.
You can tame a lion but still not make it eat grass. Through various strategies, you can reduce losses in the portfolio but can’t completely eliminate the risk of loss in equity products.
If you are looking for a less risky (less volatile) equity fund, stick to large-cap or multi-cap funds. However, large-cap funds are volatile too and you can lose money if the markets correct sharply.