What are examples of growth stock mutual funds?
What are examples of growth stock mutual funds?
The seven best growth stock mutual funds to buy now are:
- MFS Growth Fund (MFEGX)
- Jensen Quality Growth Fund (JENSX)
- T. Rowe Price Blue Chip Growth Fund (TRBCX)
- Vanguard Mega Cap Growth ETF (MGK)
- Vanguard Small Cap Growth Index Fund (VSGAX)
- T. Rowe Price Mid Cap Growth Fund (RPMGX)
- Schwab U.S. Large Cap Growth ETF (SCHG)
What is a growth stock mutual fund?
A growth fund is a mutual fund invested mostly in companies with above-average growth, with the goal being capital appreciation rather than yield income and dividend payouts. A growth fund is expected to appreciate more over the long term than the broad market.
Are growth stock mutual funds a good investment?
Growth funds can have high returns in any given year, but they also tend to decline more than the average stock fund during bear markets. Because of this, growth stock mutual funds are best for aggressive investors.
How much do growth stock mutual funds make?
Average Returns Many experts project that between 8 and 10 percent average growth is normal and attainable. According to Kiplinger magazine, three growth stock mutual funds that stand out with good returns over the last 10 years are Fidelity Contrafund, Fidelity Low-Price Stock Fund and T-Rowe Price Small Cap Value.
Which is the best growth mutual fund?
List of Equity Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Axis Growth Opportunities Fund | Equity | 30.5% |
| Mirae Asset Emerging Bluechip Fund | Equity | 23.2% |
| Axis Midcap Fund | Equity | 26.1% |
| Mirae Asset Tax Saver Fund | Equity | 22.1% |
How does growth fund work?
Mutual Funds With a Growth Option Some shares pay regular dividends, but by selecting a growth option, the mutual fund holder is allowing the fund company to reinvest the money it would otherwise payout to the investor in the form of a dividend. This money increases the net asset value (NAV) of the mutual fund.
Which Growth fund is best?
What you should be aware of regarding aggressive growth funds
| Name of fund | Expense ratio (in %) | 1-year return |
|---|---|---|
| HDFC Mid-Cap Opportunities Fund | 2.13 | 13.88 |
| Edelweiss Mid Cap Fund – Regular Plan | 2.34 | 22.35 |
| L Emerging Businesses Fund | 2.08 | 24.13 |
| Mirae Asset Emerging Bluechip Fund – Regular Plan | 2.38 | 12.54 |
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