August
22, 2021

5 minutes to read

This story originally appeared on ValueWalk

Investing in growth stocks is always an ideal strategy as they are expected to offer an above average growth rate. Additionally, if the growth stock belongs to mid caps, then many see it as even better than small or large caps. Typically, mid-cap companies are not as volatile as small-cap companies and have the potential to offer a higher percentage return than large-cap stocks. However, the only problem investors face is picking the right growth stocks. A better way to overcome this problem is to invest in mid-cap growth mutual funds. Let’s take a look at the top ten best mid-cap growth mutual funds.

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Top Ten Mid-Cap Growth Mutual Funds

We used year-over-year performance data (from US News) to rank the top ten mid-cap growth mutual funds. Here are the ten best mid-cap growth mutual funds:

10. Morgan Stanley Institute Discovery Port (MACGX, 63%)

MACGX normally invests in established and emerging companies with market capitalization within the range of companies included in the Russell Midcap® Growth Index. This fund has returned over 9% over the past three months and over 49% over the past three years. MACGX has total assets of over $ 4.60 billion. The fund’s three main holdings are: Morgan Stanley InstlLqdty TrsSecs Instl, Pinterest and Twitter.

9. Main Small and Mid Cap Growth Fund (PSMHX, 64%)

PSMHX normally invests in equity securities of companies with a small and mid-market capitalization. This fund has returned over 2% over the past three months. PSMHX has total assets of over $ 10 million. The fund’s three main holdings are: SVB Financial Group, Horizon Therapeutics and Zendesk.

8. Kinetics Market Opportunities Fund (KMKAX, 77%)

KMKAX invests all of its assets in the Market Opportunities Portfolio, which is a series of Kinetics Portfolios Trust. This fund has returned over -6% over the past three months and over 20% over the past three years. KMKAX has total assets of over $ 130 million. The fund’s top three holdings are: Texas Pacific Land, Grayscale Bitcoin Trust and DREAM Unlimited.

7. American Beacon ARK Transfmt Innov Fd (ADNAX, 78%)

ADNAX normally invests in a portfolio of equity securities, such as common stocks and other equity investments. This fund has returned over 7% over the past three months and over 42% over the past three years. ADNAX has total assets of approximately $ 1.10 billion. The fund’s top three holdings are: Tesla, Teladoc Health and Roku.

6. Paradigm Kinetics Fund (KNPAX, 91%)

KNPAX places all of its investable assets in the Paradigm Wallet, which is a trust of Kinetics wallets. This fund has returned over -1% over the past three months and over 19% over the past three years. KNPAX has total assets of over $ 900 million. The fund’s three main holdings are: Texas Pacific Land, Grayscale Bitcoin Trust and Brookfield Asset Management.

5. Essex Environmental Opportunities Fund (GEOSX, 93%)

GEOSX invests primarily in securities engaged in “environmental investment themes”, such as environmental finance, renewable energy, low carbon trading and more. This fund has returned over 7% over the past three months and over 26% over the past three years. GEOSX has total assets of over $ 64 million. The fund’s three main holdings are: Fidelity® Inv MM Fds Government, Raven Industries and Cree.

4. Baron Focused Growth Fund (BFGFX, 94%)

BFGFX invests with a long-term objective, primarily in the common stocks of growing US small and medium-sized companies. This fund has returned over 2% over the past three months and over 39% over the past three years. BFGFX has total assets of over $ 680 million. The fund’s top three holdings are: Tesla, CoStar Group and Penn National Gaming.

3. Tanaka Growth Fund (TGFRX, 106%)

TGFRX invests in common stocks and other equity securities of companies of all sizes. It may also invest in foreign securities as well as in emerging market securities. This fund has returned over 1% over the past three months and over 26% over the past three years. TGFRX has total assets of over $ 21 million. The fund’s three main holdings are: Amyris, Apple and Onto Innovation.

2. Shelton Green Alpha Fund (NEXTX, 113%)

NEXTX invests primarily in companies that it believes are among the best in managing environmental risks and opportunities, and have above-average growth potential. This fund has returned over 9% over the past three months and over 44% over the past three years. NEXTX has total assets of over $ 300 million. The fund’s three main holdings are: Moderna, JinkoSolar Holding and CRISPR Therapeutics.

1. Kinetics Spin-Off and Corporate Rest Fd (LSHAX, 114%)

LSHAX invests primarily in equity securities of spin-off companies, as well as in companies undergoing any other type of corporate restructuring. This fund has returned over 4% over the past three months and over 22% over the past three years. LSHAX has total assets of $ 27.60 million. The fund’s three main holdings are: Texas Pacific Land, PayPal Holdings and DREAM Unlimited.