The Best Fidelity Mutual Funds For 2026
Fidelity Convertible Securities Fund (FCVSX)
Best Fidelity fund to hedge against market volatility
Fidelity Convertible Securities Fund (FCVSX)
Editor’s Take
Fidelity Convertible Securities Fund is a regular contender for top-rated Fidelity mutual funds due to its solid long-term performance, high ratings and lower average expenses.
Most of the assets are in convertible securities, which provide the unique advantage of combining features of both stocks and bonds. Around 10% of the fund is invested in equities, with less than 1% in cash. FCVSX is an appealing choice for those seeking moderate growth with reduced volatility. The fund proved itself as a volatility mitigator based on its 2020 performance during the height of the COVID-19 pandemic: FCVSX clocked in almost a 43% return that year.
Fidelity Contrafund (FCNTX)
Best Fidelity fund for underrecognized companies
Fidelity Contrafund (FCNTX)
Editor’s Take
Fidelity Contrafund diversifies its assets into information technology, communication services, financials and more. The fund’s primary strategy is to invest in companies that the managers believe are underrecognized by investors.
Managed by veteran investor William Danoff since 1990, FCNTX has built a reputation for outperforming the broader market in the long term, particularly in 2024 and 2025. Its balanced composition of both established companies and emerging innovators provides investors with a mix of stability and potential growth.
The fund seeks companies with solid free cash flow and strong management teams.
Fidelity Blue Chip Growth Fund (FBGRX)
Best Fidelity fund for blue-chip companies
Fidelity Blue Chip Growth Fund (FBGRX)
Editor’s Take
The Fidelity Blue Chip Growth Fund primarily consists of well-established companies that have proved successful. You’ll see big names like Nvidia, Apple, Microsoft and Amazon among the fund’s top holdings.
FBGRX invests at least 80% of its assets in blue-chip companies, which Fidelity defines as “well-known, well-established and well-capitalized.” These companies also tend to hold large or medium capitalizations that are thought to have above-average growth potential.
Between 2020 and 2025, FBGRX’s returns beat the Russell 1000 Growth Index.
Fidelity Mega Cap Stock Fund (FGRTX)
Best Fidelity fund for mega cap companies
Fidelity Mega Cap Stock Fund (FGRTX)
Editor’s Take
As the name implies, FGRTX targets the “mega” names in the stock market. Primarily invested in growth and value stocks, this Fidelity mutual fund is ideal for investors who are seeking a large-cap blended equity fund. FGRTX invests at least 80% of its assets in equities with mega market capitalizations.
The turnover rate of around 15%, as of December 2025, is relatively low. FGRTX’s information technology asset allocation is around 30%, so it’s a touch lower than the S&P 500’s. The second biggest allocation is to industrials.
Fidelity Puritan Fund (FPURX)
Best Fidelity fund for a 60/40 portfolio
Fidelity Puritan Fund (FPURX)
Editor’s Take
The Fidelity Puritan Fund is a balanced blend of stocks and bonds with most of its assets invested in information technology. Its diversified approach of 60% allocated to equities provides stability, while the remainder in allocation captures moderate growth opportunities with bonds and other debt securities.
The fund invests at least 25% of its assets in fixed-income senior securities, which include debt securities and preferred stock. Because of Fidelity Puritan’s fixed-income exposure, it delivers a modest yield of 1.55%, as of December 2025.
Fidelity Nasdaq Composite Index Fund (FNCMX)
Best Fidelity index fund
Fidelity Nasdaq Composite Index Fund (FNCMX)
Editor’s Take
The Fidelity Nasdaq Composite Index Fund offers good exposure to the technology and communications sectors. In fact, more than 65% of the fund is weighted toward these sector equities. Compared to other large growth funds, FNCMX provides more moderate allocations to individual high-flyers than aggressive Fidelity sector funds.
Over the past 10 years, FNCMX’s average annual return has nearly matched its thesis: to match the average annual total returns of the Nasdaq index. The fund invests “at least 80% in common stocks included in the index.”
Fidelity Mid Cap Index Fund (FSMDX)
Best Fidelity fund for midcap companies
Fidelity Mid Cap Index Fund (FSMDX)
Editor’s Take
You might be wondering why you should invest in a mid-cap fund, especially when large-cap returns have dominated for years. The answer is diversification. The Morningstar medalist Fidelity Mid Cap Index Fund has outperformed its Morningstar midcap blend category’s average return over the past 10 years, although it lagged the broad stock market in the form of the S&P 500 Index.
About 80% of FSMDX consists of midcap stocks that are in the Russell Midcap Index. A few of the fund’s top holdings include names like Robinhood, Cloudflare, Coinbase and Bank of New York Mellon Corp. And another perk: The fund has a rock-bottom expense ratio of 0.025%.
Methodology
We look for Fidelity mutual funds with an average Morningstar rating of four stars or better, average or better returns and expenses within the lowest 20%.
Types of funds. Our screens narrowed prospects to a little over 100 mutual funds. We screened for balanced, midcap or large-cap funds, excluding municipal bond and sector funds.
Expense ratio of 0.69% or lower. Almost all mutual funds come with an expense ratio. Higher cost funds are typically actively managed funds, and these fees can eat into your investment returns. To keep expense ratios from chipping away at your returns, we selected funds with a net expense ratio of 0.69% or lower. As a point of reference, the average expense ratio was 0.59% among actively managed funds, according to Morningstar.
Morningstar rating of “four stars” or higher. Morningstar awards a star rating to funds based on how well they rank against their peers in terms of performance. A five-star is a top-performing mutual fund in the top 10% of funds in its respective category, and a four-star fund is in the next 22.5%.
Minimum initial investment. We discarded any whose minimum initial investment exceeds $3,000. For that reason, funds that are more aimed at investors with high net worth or institutional investing are excluded.
No-load mutual funds. These are funds that don’t charge any type of sales fee(s). You won’t be paying a sales commission if you buy or sell these types of shares.
10-year performance. All the funds on this list held a positive 10-year annual return, with absolute returns above 10%. We applied this screen for identifying top performing mutual funds, although past performance isn’t always a guarantee of future performance, which is why other metrics for screening are important.
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Frequently Asked Questions (FAQs)
What is the best-performing Fidelity mutual fund?
Based on 10-year annualized returns, the best-performing Fidelity mutual fund as of Jan. 5 is the Fidelity Select Semiconductors Portfolio (FSELX). The five-star-rated fund comes with a 0.62% expense ratio, with three companies making up around half of the portfolio: Nvidia, Broadcom and Marvell Technology.
How to buy mutual funds on Fidelity?
If you want to buy mutual funds on Fidelity, you can begin by opening an account on the company’s brokerage platform.
You can navigate to “Trade” under “Accounts and Trade,” and select “Trade Mutual Funds.” After that, you’ll hit “Buy a Mutual Fund.”
To buy a mutual fund, you’ll enter the ticker symbol corresponding to the fund you wish to buy. Then, you’ll enter the dollar amount you wish to purchase and place an order.
Which Fidelity mutual fund is the safest?
Investments, including mutual funds, come with risks, with the possibility of loss of principal. Unlike some banking products, mutual funds do not have Federal Deposit Insurance Corp. (FDIC) coverage. That means there’s no guarantee against losses.
That said, if you gauge safety based on historical volatility and drawdowns, the Fidelity Treasury Money Market Fund (FZFXX) is a tried-and-true safety fund, among other money market funds. Money market funds invest in U.S. Treasury bills and repurchase agreements.
What is the most aggressive Fidelity fund?
When we think of terms like what is the most aggressive Fidelity fund, you’re probably implying a fund that is very equity-based and perhaps has a very niche focus. An example of such a fund might be the Fidelity Select Technology Portfolio (FSPTX) because of its concentrated exposure. (Nearly a quarter of that fund is invested in Nvidia, for example.)
Typically, less diversified funds or funds that focus on specific niches, such as sector-specific funds or small-cap stocks, tend to be more aggressive. Their narrower focus can expose investors to higher risk and volatility levels than broadly diversified total stock market funds or bond funds.
