Fidelity Magellan Fund

The Fidelity Magellan Fund is a mutual fund that pools money from many investors to buy a diversified mix of stocks and securities. Managed actively by professional fund managers, its goal is to achieve high long-term growth by selecting investments they believe will outperform the market. It is known for its historical success and large size, making it one of the most recognized and influential mutual funds. Investors benefit from professional management and diversification, though the fund's performance can vary with market conditions and investment choices.