7 Best Fidelity Mutual Funds Of 2026

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 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.

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.

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 10%, as of March 2026, is relatively low. FGRTX’s information technology asset allocation is less than 30%, so it’s a touch lower than the S&P 500’s. The second biggest allocation is to industrials.

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 1.57%, as of March 2026.

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.”

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, Western Digital, and Bank of New York Mellon Corp. And another perk: The fund has a rock-bottom expense ratio of 0.025%.