One in four large cap funds did not survive the decade.
Your screener shows you the other three.
25
Percent of Indian large cap funds that were merged away or shut over ten years. Their track records went with them.
Friend sorted his app by ten year returns on Tuesday and picked from the top of the list. Reasonable. Everybody does it. Then I asked him where the losers were. Not the ones near the bottom of his screen. The ones that are not on his screen at all.