Top Mid-Cap Mutual Funds That Delivered Positive Returns Every Year Since 2022

Market rallies often create a long list of top-performing Mutual Funds. However, identifying funds that can deliver gains year after year, irrespective of market conditions, is far more challenging.

Over the last few years, investors have witnessed sharply different market environments. Global inflationary pressures, rising interest rates and geopolitical uncertainties weighed on sentiment in 2022. This was followed by a broad-based market recovery in 2023 and strong momentum across several sectors in 2024. While 2025 remained positive for equities, returns moderated compared to the previous two years.

The trend has continued in 2026, with markets facing intermittent volatility due to geopolitical tensions, fluctuations in crude oil prices and concerns over inflation. Against this backdrop, only a small group of Mid-Cap mutual funds succeeded in posting positive calendar-year returns throughout the period.

To identify these resilient performers, we analysed mid-cap equity mutual funds that remained in positive territory in every calendar year from 2022 to 2025. Among them,

Mid-Cap Funds That Cleared the Consistency Test

What Sets These Funds Apart?

A common feature across all three schemes is their ability to generate positive returns not only during strong market rallies but also during relatively challenging periods. While the magnitude of returns varied from year to year, none of these funds slipped into negative territory during the review period.

That said, investors should avoid selecting funds solely based on historical performance. Factors such as investment objectives, risk tolerance, time horizon and portfolio allocation remain equally important when making investment decisions.

Disclaimer: The article is for informational purposes only and not investment advice.