5 Best Growth Mutual Funds and Their Latest Top Picks

4. Shelton Capital Management Nasdaq-100 Index Fund (NASDAQ:NASDX)

10-year return: 18.12%
Year-to-date return: 41.38%
Net expense ratio: 0.50%

Shelton Capital Management Nasdaq-100 Index Fund (NASDAQ:NASDX) is a mutual fund that focuses on the largest non-financial companies in the Nasdaq exchanges. Consequently, technology stocks account for the biggest share of the fund, with the communication service sector coming in second, closely followed by the Consumer cyclical.

The passively managed fund includes 100 of the largest domestic and international non-financial companies in the Nasdaq index. Its biggest holdings are in Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN) stocks.

While Shelton Capital Management Nasdaq-100 Index Fund (NASDAQ:NASDX) is up by about 41.38%, it boasts of a ten-year average return of 18.12%, making it one of the best performing with posture to tech giants. Its expense ratio stands at 0.50%.