Is T. Rowe Price Institutional Mid-Cap Equity Growth (PMEGX) a Strong Mutual Fund Pick Right Now?

Fund Overview: T. Rowe Price Institutional Mid-Cap Equity Growth (PMEGX) is a highly-rated mutual fund with a Zacks Mutual Fund Rank of 1 (Strong Buy), focusing on mid-cap growth stocks and boasting a strong performance history, including a 5-year annualized return of 8.95%.

Cost and Risk Metrics: PMEGX has a lower expense ratio of 0.61% compared to the category average, making it a cost-effective option for investors, while also exhibiting less volatility than its peers, although it has a negative alpha indicating challenges in outperforming the S&P 500 benchmark.