There are many different opportunities out there if you are interested in investing in mutual funds. This is why it is so important to make sure that you do a lot of research before you decide which one to opt for. You have your own particular needs and expectations, so what you need to find is a mutual fund that actually lives up to that. Let's take a look, therefore, at the top 10 mutual funds, but do make sure you research them further to determine whether they are actually right for you.

1.) Fidelity Select Health Care Portfolio (FSPHX)

The very first among the top 10 mutual funds is FSPHX. Started in 1981 with a $10 trade, it is now worth an impressive $237.16. The question is whether it is able to maintain that.

2.) Vanguard 500 Index Inv (VFINX)

This one is good because it has a 0.17% expense ratio, which is about as low as you will be able to find (the average is 1.08%). Also, it is a very diversified fund, making it perfect for those who are bullish.

3.) Vanguard Dividend Growth Inv (VDGIX)

Perfect for people want exposure to companies that can increase their dividends and grow their earnings. It also has a 1.84% dividend yield, which is really good.

4.) Vanguard Health Care Inv (VGHCX)

This is a similar fund to FSPHX. However, the expense ratio is lower, as is the dividend yield.

5.) Dodge & Cox International Stock (DODFX)

About 62% of the DODFX assets are in the European Central Bank and Europe, which gives this one a lot of potential. The problem is that you risk future deflation.

6.) Loomis Sayles Bond Retail (LSBRX)

This is an easy investment, not one that will make you rich overnight. Its main benefit is the multi-sector diversification, and it seems to be good at that, with 3.97% yields.

7.) FPA Crescent (FPACX)

This is a risky type of mutual fund, as it invests in distressed real estates, goes long on stocks and bonds, and shorts stocks. But at the same time, it keeps cash behind so it can strike at the right time. Not for the faint of heart, in other words, but a very interesting nonetheless.

8.) Oakmark International I (OAKIX)

OAKIX likes to invest in the things people hate. So far, this has paid off. But it is a risky strategy.

9.) Fidelity Strategic Dividend & Income (FSDIX)

This is a 50-50 type of mutual fund. 50% is invested in stocks that pay dividends, 50% in other things, including REITs (Real Estate Investment Trusts) (15%), preferred stocks (20%), and convertible securities (15%). This is a unique set up, and one that has interested many.

10.) PRIMECAP Odyssey Growth (POGRX)

POGRX only invests in companies that have shown growth that is above average. They also have a very diverse portfolio, excluding only utilities and real estate.

The top 10 mutual funds as mentioned above should be used to give you an idea of what is out there.

Never invest without weighing your options and consulting with your financial advisor.