Zacks research firm has named what deems are its top five growth mutual funds.

1. Needham Growth returned 29.83 percent in the last one year period and invests largely in domestic companies listed on the Nasdaq.

2. PRIMECAP Odyssey Growth returned 30.74 percent in the last year which mostly invests in domestic mid-cap and large-cap companies.

3. RS Mid Cap Growth A returned 32.33 percent in the past year. It invests in companies whose market cap is more than $1 billion, but not higher than 1.2 times the largest company in the Russell Midcap Index.

4. Hartford Midcap A also invests in mid-cap companies. It returned 30.04 percent in the past year.

5. Brown Advisory Opportunity returned 30.44 percent in the past year by investing in companies prominent in their respective sectors.

Click here read more about these funds and Zacks rankings.  

Edited by: Katie Lobosco


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