Devoted to understanding the basics and fundamentals of investing

The second installment in our look at top mutual funds is the Top 5 Large Cap Growth Mutual Funds. I will look at 5 mutual funds which have proven to be the best of the best in the large cap growth area. Performance, expense ratios, investment style and manager tenure will all be considered when making these  lists.

1. Kinetics Paradigm Fund (WWNPX)- It is only fitting that this fund be listed first on the list given its performance in the last few years. The fund ranks first among the entire group of large cap growth funds in 3 and 5 year average returns. The fund has returned an average of 22.51% over the past 5 years, and an average of 24.49% over the past 3 years. The expense ratio is a bit high at 1.61%, but no loads make that expense ratio allowable. This is a great growth fund that is open to investors with a minimum initial investment of $2,500.

2. Columbia Marisco 21st Century Z Fund (NMYAX)- The fund has ranked in the top 4% of all large cap mutual funds over the past 3 and 5 year periods. The fund has a good expense ratio of 1.01% and no loads. The same manager has been at the helm of this fund for 4 1/2 years now. A great large cap growth fund to add to your portfolio.

3. American Funds New Economy R Fund (RNGFX)- This mutual fund boasts one of the lowest expenses ratios around at just 0.51%. The fund has ranked in the top 20% of large growth funds in the last 1,3, and 5 years. The fund is also available to new investors with an initial investment of just $250. A great growth fund for a beginning investor with little to invest.

4. Fidelity Fifty Fund (FFTYX)- This highly concentrated mutual fund has a great track record of constant outperformance. The fund ranks in the top 7% of large cap growth funds year to date, and in the past 1 and 3 year periods. FFTYX has been managed by the same manager for over 4 years now. The fund has no loads and an expense ratio of just 0.79%.

5. T Rowe Price Growth Stock Fund (PRGFX)- Robert Smith has managed this fund for the past 10 years, and has a great track record. The fund ranks in the top 4% of all large cap growth funds over a 5 and 10 year period. The low expense ratio of just 0.70% is just another added benefit to this great large cap growth fund.

All of these funds are certainly worth your consideration when looking for large cap growth funds. The proven track records of these managers allows an investor to feel comfortable entrusting their money with them.

A daily RSS feed from GrowYourFunds is available to signup for by clicking here.

If you would like to see a list of the top 5 large cap value funds as well click here to read the article.