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.
3 Must-Have Mid-Cap Growth Mutual Funds for Sparkling Returns
Read MoreHide Full Article
For high returns, investors can choose mid-cap funds that bear lesser risk than small caps. Mid-cap funds are unfazed by broader market gyrations, making them ideal bets given the erratic macroeconomic conditions of late.
Also, when capital appreciation takes precedence over dividend payouts over the long term, 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.
Congress Mid Cap Growth Fund Retail Class aims for long-term capital appreciation. The fund invests the majority of its assets in publicly-traded stocks of U.S. companies which the advisor considers to have a mid-size market capitalization.
Congress Mid Cap Growth Fund Retail Class has returned 31.2% in the past three years. As of December 2021, CMIDX held 41 issues, with 2.88% of its assets invested in Floor & Decor Holdings Inc Class A.
Principal MidCap Fund Class A aims for the long-term growth of capital. PEMGX invests the majority of its assets in equity securities of companies with medium market capitalizations at the time of purchase.
Principal MidCap Fund Class A has returned 28.1% over the past three years. PEMGX has an expense ratio of 0.95% compared with the category average of 1.09%.
PGIM Jennison Mid-Cap Growth Fund- Class A aims for long-term capital appreciation. The fund invests the majority of its assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth.
PGIM Jennison Mid-Cap Growth Fund- Class A has returned 29.5% over the past three years. Sheetal M. Prasad is one of the fund managers of PEEAX since 2017.
Image: Bigstock
3 Must-Have Mid-Cap Growth Mutual Funds for Sparkling Returns
For high returns, investors can choose mid-cap funds that bear lesser risk than small caps. Mid-cap funds are unfazed by broader market gyrations, making them ideal bets given the erratic macroeconomic conditions of late.
Also, when capital appreciation takes precedence over dividend payouts over the long term, 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, viz., Congress Mid Cap Growth Fund Retail Class (CMIDX - Free Report) , Principal MidCap Fund Class A (PEMGX - Free Report) and PGIM Jennison Mid-Cap Growth Fund- Class A (PEEAX - Free Report) . 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.
Congress Mid Cap Growth Fund Retail Class aims for long-term capital appreciation. The fund invests the majority of its assets in publicly-traded stocks of U.S. companies which the advisor considers to have a mid-size market capitalization.
Congress Mid Cap Growth Fund Retail Class has returned 31.2% in the past three years. As of December 2021, CMIDX held 41 issues, with 2.88% of its assets invested in Floor & Decor Holdings Inc Class A.
Principal MidCap Fund Class A aims for the long-term growth of capital. PEMGX invests the majority of its assets in equity securities of companies with medium market capitalizations at the time of purchase.
Principal MidCap Fund Class A has returned 28.1% over the past three years. PEMGX has an expense ratio of 0.95% compared with the category average of 1.09%.
PGIM Jennison Mid-Cap Growth Fund- Class A aims for long-term capital appreciation. The fund invests the majority of its assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth.
PGIM Jennison Mid-Cap Growth Fund- Class A has returned 29.5% over the past three years. Sheetal M. Prasad is one of the fund managers of PEEAX since 2017.
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 >>