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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?

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There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.

The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

Fidelity Blue Chip Growth Fund

(FBGRX - Free Report) has a 0.54% expense ratio and 0.47% management fee. FBGRX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. With yearly returns of 21.82% over the last five years, this fund clearly wins.

Hood River Small Cap Growth Institutional

(HRSMX - Free Report) : 1.07% expense ratio and 0.9% management fee. HRSMX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion. With yearly returns of 21.01% over the last five years, HRSMX is an effectively diversified fund with a long reputation of solidly positive performance.

Empower Aggressive Profile Inv

(MXAPX - Free Report) . Expense ratio: 0.45%. Management fee: 0.1%. Five year annual return: 14.87%. MXAPX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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