Without any doubt, Mutual Fund has grabbed the attention of middle-class families across the country in the past decade. More of this class, instead of saving their money in the banks, is steering towards the much safer mutual funds.
If you’re looking to take the same path, go for MFs that have been performing consistently well in the past 10 years. There are many names that have seen significant and consistent growth. It includes ProFunds Internet Ultrasector (INPIX) and T. Rowe Price Health Sciences (PRHSX). While PRHSX has seen an annualized growth of 14.59 percent in the past decade, for INPIX it is 12.85 percent.
Other renowned and high-yielding names include Prudential Jennison Health Sciences (PHSZX), Rydex Nasdaq-100 2x Strategy (RYVLX) and Fidelity Select Retailing Portfolio (FSRPX). All of them have seen a consistent annual growth of more than 10 percent in the span of last decade. Go with them and grow your wealth with the least of risk and high growth rate.