New Delhi, July 5 -- Investors looking to build long-term wealth for goals such as retirement, a child's education or financial security can explore diversified equity mutual funds. These schemes invest across large-cap, mid-cap and small-cap companies from multiple sectors and industries, depending on their investment mandate.

By combining the growth potential of equities with professional fund management and diversification, they have the ability to generate substantial wealth over long investment horizons, say 10 years.

Based on 10-year CAGR, Nippon India Small Cap Fund emerged as the best-performing diversified equity scheme.

Here's a look at the top five diversified equity funds based on 10-year returns and how much wealth they ha...