How to Find Similar Mutual Funds

Mutual funds are a commonly used investment tool by individuals throughout the world. They are a type of investment company that pools money from a lot of different investors and then invests this money into securities. Mutual funds can be categorized in hundreds of ways, but the general categorization has been by the type of security the fund invests in. The general categorizations by security are money market funds, bond funds and stock funds.

• 1

  Search for "best mutual fund" on your search browser. This will give you a lot of hits. Choose sites from reputable sources such as CNN, "The Wallstreet Journal" or other well known names.

• 2

  Click on an article from a reputable source. The majority of these articles will list mutual funds based on the fund's strategies or the securities the fund invests in. If the link you clicked on does not have a list of funds, go back to the search browser and try another one of the articles.

• 3

  To locate similar funds, look for groupings within the rankings such as value funds or growth funds. Funds within the same category will be similar to each other in that they invest with the same type of strategy. For instance, growth funds have an investment strategy that aims to buy shares in companies with high growth potential.