5 Best Growth Mutual Funds and Their Latest Top Picks

1. Baron Partners Fund (NASDAQ:BPTRX)

10-year return: 20.69%
Year-to-date return: 46.09%
Net expense ratio: 1.69%

Baron Partners Fund (NASDAQ:BPTRX) is a fund that mainly invests in Us equities of any size but with significant growth potential. It invests most of its assets in the Consumer Discretionary sector that has benefited from increased consumer spending. Financials comes in second, followed by real estate.

This might explain why a significant amount of the fund’s assets are in the top ten holdings. Tesla, Inc. (NASDAQ:TSLA) is the fund’s biggest holding, accounting for about 40% of the total assets. The fund also has stakes in CoStar Group, Inc. (NASDAQ:CSGP) and Space Exploration Technologies, which account for about 8.3% of total assets.

Its big bet on Tesla has paid out, given that the stock is already up by more than 40% for the year. Likewise, Baron Partners Retail is up by 46.09% year to date. It’s been one of the best-performing mutual funds for investors looking to invest in a diversified portfolio. Similarly, Baron Partners Fund (NASDAQ:BPTRX) boasts of a ten-year return of 20.69%

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