Investing is one of the best ways of wealth creation and you must invest funds in the right mutual funds so that you can create wealth. The growth of mutual funds in the coming years is set to rise so this is the right time to invest in some mutual funds. If you do not know much about mutual funds then we have a list of some of the best high growth mutual funds. Large growth portfolios invested in the large US firms are set to rise more than the large cap stocks.
These are rapidly expanding industries and the portfolio will help you in wealth creation. This is the best high growth mutual funds that you must invest in so that you can create wealth. These best high growth mutual funds are great for investment and you must gain information about these.
Fidelity OTC Portfolio
This mutual fund falls into the category of high growth. The fund usually invests 80% of the share in stocks listed on the Nasdaq portfolio and the 25% of the funds are typically invested in the technology sector. The expense ratio of the fund is 0.81 which is regarded as less than average. You will not have to pay any 12b-1 fees for the fund. The initial investment required for the fund is $2500. The risk of the fund is higher as compared to other funds so you need to tread with caution. But along with the risk, the level of return that you will get is also higher. So buying this fund depends on your risk taking ability and whether you are ready to do so.
Franklin DynaTech Fund
The portfolio of the fund is more diversified as opposed to what the name suggests. Most of the funds are invested in big companies. Despite the name, the portfolio of the fund offers access to more than just the technological sector, although one third of the funds are invested in hardware and software sectors, the focus of the management is to find innovative companies and not just stick to one corner of investment.
Principal Blue Chip Fund
This investment aims at the growth of capital in the long run. 80% of the funds are invested in equity shares of companies that have large market capitalizations. The investment is done on securities of companies that show potential growth of capital and also generate above average earnings.
These are the best high growth mutual funds that you can invest in so that you can create wealth. One thing that you need to remember is that investment comes with market risks so read the information carefully and take an informed decision. It is important that you understand the market and then invest so that you can get the best out of your investment.