Full list: Top performing large-cap equity funds in the last 10 years

Large-cap funds, by market regulator Sebi's mandate, must invest at least 80 per cent of their assets in large companies. By definition, top 100 companies by market capitalisation are termed as 'large caps'. So, large-cap funds are a convenient way to take exposure to well-established, frontline companies across sectors.

Five large cap mutual funds that gave the highest return in the past 10 years are Nippon India Large Cap Fund which gave 17.09% returns, followed by Mirae Asset Large Cap Fund with 16.8% return. 

The other three are ICICI Prudential Bluechip Fund, SBI Bluechip Fund and HDFC Top 100 Fund.

Here is a list of the top-performing large-cap equity funds in the last decade.

Point to note: Past performance is not a guaranteed indicator of future results. But it does tell you each fund's long-term track record, which is important.

Large cap mutual funds schemes have the potential to generate attractive returns in the long run. They are wealth compounders and along with capital appreciation, large cap companies are known to pay regular dividends.

Before deciding the right fund for you, also take a note of the expense ratio and the exit load to avoid paying unnecessary fees to a mutual fund. All mutual funds charge a fee to manage your money, which is called 'expense ratio'. According to the new SEBI mandate, funds cannot charge an expense ratio exceeding 2.5%. Judiciously select a fund with a lower expense ratio as this will eat into your returns.