Despite a challenging year for equity investors in 2025, where benchmark indices saw modest gains and mid-cap segments underperformed, several mid-cap mutual funds delivered notable returns. Factors like strong domestic institutional investor flows were offset by significant foreign money outflows due to geopolitical uncertainties. Funds such as Mirae Asset Midcap Fund and Invesco India Mid Cap Fund were among those that provided returns ranging from 5-12% last year, though past performance does not guarantee future results.