Mutual Funds, Nov. 3 -- Before deciding to invest in a mutual fund scheme, investors are recommended to compare the past returns delivered by different mutual fund schemes falling under the same category.

Although past returns do not guarantee future returns of a scheme, they tend to set the tone of its growth trajectory and give confidence to retail investors to remain invested in it.

Here, we evaluate the past performance of flexi-cap mutual funds and handpick those schemes which have delivered more than 20% annualised returns in the past five years.

To put this in perspective, an annual growth of 20% means that if someone had invested Rs.1 lakh in this fund more than five years ago, it would have grown to around Rs.2.48 lakh now.

T...