In this article, we discuss 5 best growth mutual funds and their latest top picks. If you want to see more of growth mutual funds, check out 10 Best Growth Mutual Funds and Their Latest Top Picks.
5. Fidelity Growth Company Fund (NASDAQ:FDGRX)
10-year return: 17.52%
Year-to-date return: 37.05%
Net expense ratio: 0.86%
Fidelity Growth Company Fund (NASDAQ:FDGRX) is a mutual fund mostly in large-cap stocks with significant capital appreciation. While it invests primarily in common stocks, it focuses on plays that portfolio manager believes boasts of above-average growth potential. Therefore, it invests in domestic and foreign issuers.
Technology stocks account for about 45% of the fund’s holdings, with consumer cyclical plays coming in second at 17% and Healthcare at 13%. NVIDIA Corporation (NASDAQ:NVDA) accounts for about 13% of the fund’s portfolio weight, with Apple Inc. (NASDAQ:AAPL) coming in second at 12% and Microsoft Corporation (NASDAQ:MSFT) third at 7%.
Fidelity Growth Company Fund (NASDAQ:FDGRX) is up by about 37.05% year to date with a ten-year return average of 17.52%. Its net expense ratio stands at 0.86%.
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%.
3. VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX)
10-year return: 18.21%
Year-to-date return: 41.31%
Net expense ratio: 0.45%
VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX) is a mutual fund that seeks long-term capital growth while investing in growth stocks within the NASDAQ 100 INDEX. Consequently, 80% of its holdings are in stocks within the tech-heavy index.
While technology stocks for a big portion of its portfolio, some of its biggest holdings include Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN). It also boasts of holdings in NVIDIA Corporation (NASDAQ:NVDA) and Meta Platforms, Inc. (NASDAQ:META).
Given the solid bets in tech stocks that have outperformed the overall market, VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX) has gained 41.31%-year to date. Its ten-year average return stands at 18.21% with a net expense ratio of 0.45%.
2. Victory NASDAQ-100 Index (NASDAQ:USNQX)
10-year return: 18.28%
Year-to-date return: 41.29%
Net expense ratio: 0.42%
Victory NASDAQ-100 Index (NASDAQ:USNQX) is a mutual fund that seeks to match before fees and expenses the performance of the stocks in the tech-heavy index Nasdaq 100. Consequently, the hedge fund is highly suited for investors eyeing exposure in some of the biggest tech companies in the US.
With total net assets of about $5.05 billion, the mutual funds’ biggest holdings include Microsoft, Apple, and Nvidia. The trio has been on an impressive run, with Microsoft Corporation (NASDAQ:MSFT) rallying 29%, Apple Inc. (NASDAQ:AAPL) 23%, and NVIDIA Corporation (NASDAQ:NVDA) 145% year to date.
The significant stock gains have seen Victory NASDAQ-100 Index (NASDAQ:USNQX) gain 41.29% year to date. Likewise, the mutual has registered a gain of 18.28%. Over in the past 10 years, making it one of the best bets performing large-cap mutual funds. It boasts a net expense ratio of 0.42%.
1. Baron Partners Fund (NASDAQ:BPTRX)
10-year return: 20.69%
Year-to-date return: 46.09%
Net expense ratio: 1.69%
Baron Partners Fund (NASDAQ:BPTRX) is a fund that mainly invests in Us equities of any size but with significant growth potential. It invests most of its assets in the Consumer Discretionary sector that has benefited from increased consumer spending. Financials comes in second, followed by real estate.
This might explain why a significant amount of the fund’s assets are in the top ten holdings. Tesla, Inc. (NASDAQ:TSLA) is the fund’s biggest holding, accounting for about 40% of the total assets. The fund also has stakes in CoStar Group, Inc. (NASDAQ:CSGP) and Space Exploration Technologies, which account for about 8.3% of total assets.
Its big bet on Tesla has paid out, given that the stock is already up by more than 40% for the year. Likewise, Baron Partners Retail is up by 46.09% year to date. It’s been one of the best-performing mutual funds for investors looking to invest in a diversified portfolio. Similarly, Baron Partners Fund (NASDAQ:BPTRX) boasts of a ten-year return of 20.69%
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