Is Fidelity Puritan Fund (FPURX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: NASDAQ.COM
Fidelity Puritan Fund Overview: The Fidelity Puritan Fund (FPURX) is a highly rated Allocation Balanced mutual fund with a Zacks Mutual Fund Rank of 1 (Strong Buy), offering strong performance, lower fees (0.49% expense ratio), and a minimum initial investment of $0.
Performance Metrics: FPURX has achieved a 5-year annualized total return of 11.36%, ranking in the top third of its category, while maintaining lower volatility compared to peers, evidenced by a 5-year beta of 0.71 and standard deviation metrics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
