New Delhi, July 16 -- Large & midcap mutual funds have delivered strong long-term SIP returns over the past decade, with four schemes growing a monthly investment of Rs.10,000 into more than Rs.30 lakh.

The latest rankings show Invesco India Large & Mid Cap Fund topped the category with a 10-year annualised SIP return of 19.02%, while Quant Large & Mid Cap Fund, Bandhan Large & Mid Cap Fund and ICICI Prudential Large & Mid Cap Fund also crossed the Rs.30 lakh mark.

Under the SEBI's mutual fund categorisation norms, large & midcap funds are required to invest at least 35% each in large-cap and mid-cap stocks, giving investors exposure to companies across both segments.

The large & midcap category has delivered an average annualised retu...