With $1.5 trillion (excluding money market assets) of mutual fund assets under management and a wide variety of mutual funds spanning various sectors, Fidelity Investments is one of the largest and oldest mutual fund companies in the world. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance and life insurance products to its clients.

Fidelity provides potential investment avenues worldwide for their investors after carrying out extensive and in-depth research by a large group of investment professionals. Fidelity Investments carries out operations in the U.S. through 10 regional offices and over 180 Investor Centers. It also has its presence in eight other countries of North America, Europe, Asia and Australia.

Below we share with you 5 top-ranked Fidelity mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the funds to outperform their peers in the future. To view the Zacks Rank and past performance of all Fidelity mutual funds, investors can click here to see the complete list of Fidelity funds .

Fidelity Select Biotechnology Portfolio (FBIOX – MF report) seeks capital appreciation. FBIOX invests a large chunk of its assets in companies primarily involved in research, development, manufacture, and distribution of various biotechnological products. Factors such as financial strength and economic conditions are considered to invest in companies located all over the world. The Fidelity Select Biotechnology Portfolio is a non-diversified fund and has returned 8.8% over the past one year.

FBIOX has an expense ratio of 0.74% as compared to a category average of 1.37%.

Fidelity Small Cap Growth (FCPGX – MF report) invests the majority of its assets in securities of small cap companies that are believed to have impressive growth prospects. FCPGX focuses on acquiring common stocks of both US and non-US firms. The Fidelity Small Cap Growth fund has returned 5.6% over the past one year.

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