New Delhi, June 29 -- Equity mutual funds invest primarily in stocks across large-cap, mid-cap, and small-cap segments, spanning different sectors and industries. Several equity funds have delivered strong returns over the past five years, even through periods of market uncertainty and fluctuations.

So, let's take a look at the top five performing diversified equity funds.

If you had invested Rs.1 lakh as a lump sum in the Motilal Oswal Midcap Fund, your investment would have grown to approximately Rs.2.8 lakh over the last five years, reflecting its long-term growth potential.

Based on this data, it is clear that mid-cap and small-cap funds dominate the list, highlighting their strong return potential despite higher volatility.

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