Top August 2024 Mutual Funds Schemes

 As of August 2024, several mutual funds are standing out due to their strong performance and investment potential:

1. Fidelity Blue Chip Growth Fund (FBGRX): This fund focuses on large-cap growth stocks, particularly in the technology sector, with top holdings including Nvidia, Apple, and Microsoft. It has a low expense ratio of 0.48% and has significantly outperformed the S&P 500 over the past decade.

2. Vanguard 500 Index Fund Admiral Shares (VFIAX): This is a well-known index fund that tracks the S&P 500, offering broad exposure to the U.S. stock market. It’s a solid choice for investors seeking steady, long-term growth with minimal fees.

3. Fidelity Small Cap Index Fund (FSSNX): This fund targets small-cap stocks, which can offer higher growth potential over time. Although small caps have been under pressure due to high interest rates, this fund has recently started to perform well as the market rotates back into small-cap stocks.

4. Fidelity Select Healthcare Portfolio (FSPHX): Known for its focus on the healthcare sector, this fund has been consistently strong, particularly in a market environment where healthcare innovation continues to drive growth.

5. Dodge & Cox Stock Fund (DODGX): This fund is managed with a value-oriented approach, investing in large-cap U.S. companies. It’s known for its disciplined strategy and long-term performance.

6. T. Rowe Price Global Technology Fund (PRGTX): For those interested in global tech exposure, this fund provides a diversified portfolio of technology companies from around the world.

7. Vanguard Total Stock Market Index Fund (VTSAX): This fund gives investors access to the entire U.S. stock market, including small, mid, and large-cap growth and value stocks. It's a low-cost option with broad diversification.