5 Best Growth Mutual Funds and Their Latest Top Picks

3. VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX)

10-year return: 18.21%
Year-to-date return: 41.31%
Net expense ratio:  0.45%

VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX) is a mutual fund that seeks long-term capital growth while investing in growth stocks within the NASDAQ 100 INDEX. Consequently, 80% of its holdings are in stocks within the tech-heavy index.

While technology stocks for a big portion of its portfolio, some of its biggest holdings include Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN). It also boasts of holdings in NVIDIA Corporation (NASDAQ:NVDA) and Meta Platforms, Inc. (NASDAQ:META).

Given the solid bets in tech stocks that have outperformed the overall market, VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX) has gained 41.31%-year to date. Its ten-year average return stands at 18.21% with a net expense ratio of 0.45%.