We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Top 3 Mid-Cap Growth Mutual Funds to Put Your Money In
Read MoreHide Full Article
Investors interested in high returns can choose mid-cap funds that bear lesser risk than small-cap funds. Mid-cap funds are unfazed by the broader market gyrations. This makes these funds ideal bets given the erratic macroeconomic conditions in recent years.
Also, when capital appreciation over the long term takes precedence over dividend payouts, growth funds are natural choices 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 while investing in these securities. This is because these may experience relatively more fluctuations than the other fund classes.
T. Rowe Price Mid-Cap Growth Fund (RPMGX - Free Report) aims for long-term capital appreciation. The fund has at least 80% of its net assets invested in a diversified portfolio of common stocks of mid-cap companies. T. Rowe Price expects those mid-cap companies’ earnings to grow at a faster rate than the average company. RPMGX has returned 11.3% in the past three years.
As of the end of June 2020, RPMGX held 136 issues with 2.64% of its assets invested in Teleflex Inc.
AB Discovery Growth Fund Class A (CHCLX - Free Report) seeks to achieve long-term growth of capital. The fund invests in a diversified portfolio of equity securities, which are of relatively smaller cap-companies as compared to the overall U.S. market. CHCLX has returned 17.9% in the past three years.
CHCLX has an expense ratio of 0.95% compared with the category average of 1.16%.
Neuberger Berman Mid Cap Growth Fund Class A (NMGAX - Free Report) aims for growth of capital. The fund invests a large portion of its net assets in common stocks of mid-cap growth companies. The mid-cap growth companies have market capitalization within the range of those companies which make up Russell Midcap Growth Index. NMGAX has returned 14.2% in the past three years.
Kenneth J. Turek is one of the fund managers of NMGAX since 2003.
Image: Bigstock
Top 3 Mid-Cap Growth Mutual Funds to Put Your Money In
Investors interested in high returns can choose mid-cap funds that bear lesser risk than small-cap funds. Mid-cap funds are unfazed by the broader market gyrations. This makes these funds ideal bets given the erratic macroeconomic conditions in recent years.
Also, when capital appreciation over the long term takes precedence over dividend payouts, growth funds are natural choices 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 while investing in these securities. This is because these may experience relatively more fluctuations than the other fund classes.
Below we share with you three top-ranked mid-cap growth mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
T. Rowe Price Mid-Cap Growth Fund (RPMGX - Free Report) aims for long-term capital appreciation. The fund has at least 80% of its net assets invested in a diversified portfolio of common stocks of mid-cap companies. T. Rowe Price expects those mid-cap companies’ earnings to grow at a faster rate than the average company. RPMGX has returned 11.3% in the past three years.
As of the end of June 2020, RPMGX held 136 issues with 2.64% of its assets invested in Teleflex Inc.
AB Discovery Growth Fund Class A (CHCLX - Free Report) seeks to achieve long-term growth of capital. The fund invests in a diversified portfolio of equity securities, which are of relatively smaller cap-companies as compared to the overall U.S. market. CHCLX has returned 17.9% in the past three years.
CHCLX has an expense ratio of 0.95% compared with the category average of 1.16%.
Neuberger Berman Mid Cap Growth Fund Class A (NMGAX - Free Report) aims for growth of capital. The fund invests a large portion of its net assets in common stocks of mid-cap growth companies. The mid-cap growth companies have market capitalization within the range of those companies which make up Russell Midcap Growth Index. NMGAX has returned 14.2% in the past three years.
Kenneth J. Turek is one of the fund managers of NMGAX since 2003.
To view the Zacks Rank and past performance of all mid-cap growth mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>