Definition of Growth Fund
What is a "growth fund"? What is the definition of the term "growth fund"?
In order to understand what a "growth fund" is, we first need to understand what a "growth stock" is.
A growth stock is a company that seeks to increase its value by plowing the majority of their earnings operation. This would be done through expansion, research and development, etc.

On the other hand, a company that is not a "growth stock" may seek to disperse earnings through dividends. A company like this would quality as an "income stock".
As you can probably guess, a "growth fund" is a fund that invests in growth stocks.
Investing in a growth fund carries a higher amount of risk compared to investing in say, a bond fund or an income fund. On the other hand, the potential rewards are greater.
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