![Growth Fund](https://img-cdn.financeunlocked.com/headers-images/euromoney/2.jpg?ik-sdk-version=javascript-1.0.3)
Glossary
Investment Management
Growth Fund
Growth mutual funds allocate capital to the equities of growth companies. These are companies that typically pay no dividends, trade at high price/earnings ratios and where investment returns derive not from income but from a rate of price appreciation that is higher than the market average.