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Best of Funds

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When capital appreciation over the long term takes precedence over dividend payouts, growth funds become a natural choice for investors. These funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms whose value is projected to rise over the long term. However, a relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary when investing in these securities. This is because they may experience relatively more fluctuations than other fund classes.

Below we will share with you 5 top rated growth mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all growth funds, investors can click here to see the complete list of funds.

Putnam Voyager A (PVOYX - MF report) invests in growth oriented domestic companies having large and medium market capitalization. It considers other factors like valuation, financial condition and growth potential for investment purposes. The growth mutual fund returned 31.31% in the last one year.

The fund has an expense ratio of 1.00% as compared to category average of 1.21%.

Fidelity Growth Discovery (FDSVX - MF report) seeks capital growth. It invests in domestic and foreign companies that are believed to have above-average growth prospects. Factors like market and economic conditions, and financial strength and industry position are also taken into consideration for investment decisions. The growth mutual fund returned 28.00% in the last one year.

Jason Weiner is the fund manager and has managed this fund since 2007.

RidgeWorth Large Cap Growth Stock A (STCIX - MF report) invests a lion’s share of its assets in large cap companies which are traded in U.S. Companies having market capital size identical to those which are included in Russell 1000 Growth Index. The growth mutual fund returned 25.94% in the last one year.

As of March 2014, this fund held 68 issues with 5.67% of its assets invested in Google Inc Class A.

JPMorgan Mid Cap Growth Select (HLGEX - MF report) seeks capital appreciation. It invests a large share of its assets in mid-cap companies that are believed to have sustained growth potential. It invests in those companies having market capitalization like those which are listed in Russell Midcap Growth Index. The growth mutual fund returned 29.81% over the last one year period.

The fund has an expense ratio of 0.93% as compared to category average of 1.33%.

Eagle Mid Cap Growth A (HAGAX - MF report) invests the majority of its assets in mid cap companies. The fund invests in companies whose market capital size lies within the scale of the Russell Midcap Growth Index. The growth mutual fund returned 26.40% over the last one year period.

Eric Mintz is the fund manager and has managed this fund since 2011.

To view the Zacks Rank and past performance of all growth mutual funds, investors can click here to see the complete list of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank.

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