Zacks #1 Ranked Growth Mutual Funds - 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) invests a large share of its assets in large and mid-cap domestic companies. The fund focuses on growth-oriented companies. Factors such as growth prospect, valuation and financial condition are taken into consideration during investment. The growth mutual fund returned 21.93% in the last one year.


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

Fidelity Blue Chip Growth (FBGRX) seeks long term capital appreciation. It invests a lion's share of its assets in growth stocks of both U.S. and non-U.S. blue chip companies. It invests in stocks depending on factors like financial strength and economic condition among others. The growth mutual fund returned 19.81% in the last one year.

Sonu Kalra is the fund manager and has managed this fund since 2009.

JPMorgan Mid Cap Growth Select (HLGEX) invests a major portion of its assets in mid-cap companies that are believed to have sustained growth potential. It invests in companies that have market capitalization similar to the ones listed in Russell Midcap Growth Index. The growth mutual fund returned 20.14% in the last one year.

As of March 2014, this fund held 92 issues with 1.95% of its assets invested in Alliance Data Systems Corp.

RidgeWorth Large Cap Growth Stock A (STCIX) seeks capital growth. It invests majority of its assets in large-cap companies which are traded in the U.S. The market capitalizations of these companies are similar to those which are included in Russell 1000 Growth Index. The growth mutual fund returned 18.76% in the last one year.

The fund has an expense ratio of 1.20% as compared to category average of 1.21%.

Eagle Mid Cap Growth A (HAGAX) 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 16.84% in the last one year.

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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View All Zacks #1 Ranked Mutual Funds
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Mutual Funds


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