Mutual Funds, Sept. 4 -- Before investing in a mutual fund scheme, investors are supposed to evaluate its past returns. Past returns do not guarantee future returns, but they set the tone for a scheme's future performance.

Aside from past returns, investors can evaluate a mutual fund's future potential based on a host of other factors, such as the fund manager's performance, the reputation of the fund house, the category of the scheme, and overall macroeconomic factors.

Here, we evaluate the past returns of ICICI Prudential Mid Cap Mutual Fund to see how the magic of compounding works. This means if someone had invested a small amount in the early days, it would have grown considerably over the years.

This mid-cap fund was launched on ...