The best performing mutual funds this year were those that invest in small-cap companies. But if you don’t find this type of investment attractive, some mutual funds that overperformed in July 2024 invest in growth and tech stocks like Alphabet, Apple and Microsoft or in micro cap companies. Here are some of the best-performing mutual funds of July 2024.
We compared all mutual funds and selected the ones that had the highest year-to-date return. We also looked at a average returns made sure not to use similar funds that offered the same return on investment.
| Logo | Mutual fund & ticker | Mutual fund description | YTD return | 5 year return | Expense ratio |
|---|---|---|---|---|---|
 | Fidelity Series Blue Chip Growth (FSBDX) | FSBDX is a Fidelity fund targeting growth by investing in established, blue-chip companies with strong growth potential. | 32.99% | -5.84% | 0.01% |
| Fidelity NASDAQ Composite Index (FNCMX) | FNCMX is a Fidelity fund mirroring the NASDAQ Composite Index, offering investors diverse exposure to tech-heavy stocks. | 24.05% | 66.81% | 0.37% |
| Fidelity Series Growth Company (FCGSX) | FCGSX is a Fidelity fund focused on growth-oriented investments, emphasizing companies with strong potential for capital appreciation. | 23.82% | -6.01% | 0.00% |
 | Vanguard Russell 1000 Growth Index I (VRGWX) | VRGWX is a Vanguard fund tracking the Russell 1000 Growth Index, offering investors exposure to growing U.S. companies. | 23.13% | 82.96% | 0.07% |
| Fidelity Advisor Series Equity Growth Fund (FMFMX) | FMFMX is a mutual fund that seeks long-term capital appreciation. | 17.89% | -0.63% | 0.00% |
| Fidelity 500 Index (FXAIX) | FXAIX is a Fidelity index fund tracking the S&P 500, offering broad exposure to top U.S. stocks. | 10.70% | 51.97% | 0.02% |
| Fidelity Large Cap Stock K6 Fund (FCLKX) | FCLKX is a Fidelity index that focuses on long-term growth by investing in large-cap stocks. | 9.73% | 1.49% | 0.45% |
 | Schwab Fundamental US Large Company Index Fund (SFLNX) | SFLNX is the Schwab fund that invests in large-cap US stocks based on fundamental factors. | 3.58% | 22.96% | 0.25% |
| Fidelity Series Small Cap Discovery Fund (FJACX) | FJACX is a Fidelity index that focuses on growth by investing in small-cap stocks with high potential. | 1.13% | -11.52% | 0.00% |
| Vanguard Windsor Investor Shares (VWNDX) | VWNDX, a Vanguard fund, seeks long-term value by investing in U.S. companies with strong growth potential and undervalued stocks. | 0.57% | -9.57% | 0.38% |
Investing in mutual funds is as simple as investing in stocks. Here’s how to do it:
Matt's thoughts on choosing a broker for mutual fund investing
When choosing a broker to invest in mutual funds, first consider which mutual funds you want to invest in. While most brokers that offer mutual funds will offer access to funds from other companies, purchasing a mutual fund through the fund company itself will typically result in fewer fees. So if you want to buy a Fidelity mutual fund, consider purchasing it through Fidelity.
— Matt Miczulski, Editor, Investments.
To find the right mutual fund to invest in, consider the following:
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