Welcome to the ultimate guide to the top 15 mutual funds in the United States for 2024. This blog post will provide you with an overview of mutual funds, help you understand the different types of mutual funds, and introduce you to the top 15 mutual funds that we believe have the potential to help you achieve your financial goals in 2024.
What are Mutual Funds?
Mutual funds are a type of investment that pools money from many investors to invest in a basket of securities, such as stocks, bonds, or other assets. Mutual funds are managed by a professional fund manager who makes investment decisions on behalf of the fund’s shareholders.
What are the Benefits of Investing in Mutual Funds?
There are many benefits to investing in mutual funds, including:
- Diversification: Mutual funds provide diversification, which means that your investment is spread across a variety of securities, reducing your overall investment risk.
- Professional Management: Mutual funds are managed by professional fund managers who have the expertise and experience to make sound investment decisions.
- Affordability: Mutual funds are relatively affordable to invest in, with minimum investment requirements as low as $100.
- Liquidity: Mutual funds are relatively liquid, meaning that you can easily buy or sell your shares.
What are the Different Types of Mutual Funds?
There are many different types of mutual funds, but the three main types are:
- Large Cap Mutual Funds: These funds invest in companies with a large market capitalization.
- Mid-Cap Mutual Funds: These funds invest in companies with a medium market capitalization.
- Small Cap Mutual Funds: These funds invest in companies with a small market capitalization.
What are the Top 15 Mutual Funds for 2024?
We believe that the following 15 mutual funds have the potential to help you achieve your financial goals in 2024:
| Rank | Fund Name | Category | 5-Year Return (%) | Expense Ratio (%) |
| 1 | BlackRock Exchange BlackRock S&P 500 Index Fund | Large Cap Blend | 12.53 | 0.17 |
| 2 | State Street US Core Equity Fund | Large Cap Blend | 12.24 | 0.28 |
| 3 | Payson Total Return | Large Cap Blend | 12.09 | 0.42 |
| 4 | Pear Tree Quality Ordinary | Large Cap Blend | 12.09 | 0.69 |
| 5 | Sarofim Equity | Large Cap Blend | 11.94 | 0.82 |
| 6 | Fidelity® U.S. Sustainability Index | Large Cap Blend | 11.75 | 0.48 |
| 7 | Columbia Contrarian Core Adv | Large Cap Blend | 11.69 | 0.65 |
| 8 | American Funds Capital World Growth Fund | Large Cap Growth | 11.65 | 0.58 |
| 9 | T. Rowe Price New Horizons Fund | Large Cap Growth | 11.57 | 0.75 |
| 10 | Fidelity Contrafund | Large Cap Growth | 11.52 | 0.62 |
| 11 | Davis Select Growth Fund | Large Cap Growth | 11.44 | 0.88 |
| 12 | Baron Opportunity Fund | Large Cap Growth | 11.38 | 0.95 |
| 13 | T. Rowe Price Blue Chip Growth Fund | Large Cap Growth | 11.35 | 0.77 |
| 14 | Guinness American Funds Guinness Discovery Fund | Mid-Cap Growth | 11.34 | 0.65 |
| 15 | Fidelity Freedom 2055 Fund | Target Date | 11.29 | 0.77 |
Please note that this is just a sample list, and there are many other great mutual funds available. It is important to do your own research and choose a fund that is right for your individual investment goals and risk tolerance.
How to Choose the Right Mutual Fund for You
When choosing a mutual fund, it is important to consider the following factors:
- Your investment goals: What are you hoping to achieve with your investment? Are you saving for retirement, a child’s education, or a down payment on a house?
- Your risk tolerance: How much risk are you comfortable taking with your investment? If you are conservative, you will want to choose a fund with a low risk profile. If you are aggressive, you can choose a fund with a higher risk profile.
- Your time horizon: How long do you plan to invest your money? If you have a long time horizon, you can afford to take on more risk. If you have a short time horizon, you will want to choose a fund with a lower risk profile.
“Unlocking Wealth: The Ultimate Guide to the Top 15 Mutual Funds in the United States for 2024” is the primary source you should consult in order to make wise investing choices in the upcoming year. Utilize the advice in this article to stay ahead of the curve and set yourself up for financial success. Recall that investing entails risk and that previous successes do not guarantee future outcomes. Always do extensive study and think about seeing a specialist for guidance relevant to your situation.
