Definitions for "Growth Fund"
Investment company whose major objective is long term capital growth. Growth funds are more volatile than more conservative income or money market funds. They tend to rise faster in bull markets and drop more sharply in bear markets.
Seeks capital appreciation by investing primarily in equity securities of companies with earnings that are expected to grow at an above-average rate.
Aims to maximise growth over the medium to long term by investing in shares, property, fixed interest and other investments.