If investors are looking at the Large Cap Growth fund category, Fidelity Series Growth Company (FCGSX) could be a potential option. FCGSX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.ObjectiveWe classify FCGSX in the Large Cap Growth category, an area rife with potential choices. Large Cap Growth funds invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. To be considered large-cap, companies must have a market cap over $10 billion.History of Fund/ManagerFidelity is based in Boston, MA, and is the manager of FCGSX. The Fidelity Series Growth Company made its debut in November of 2013 and FCGSX has managed to accumulate roughly $14.22 billion in assets, as of the most recently available information. The fund is currently managed by Steven Wymer who has been in charge of the fund since November of 2013.PerformanceOf course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 31.04%, and it sits in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 33.22%, which places it in the top third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FCGSX over the past three years is 23.4% compared to the category average of 19.92%. The fund's standard deviation over the past 5 years is 19.21% compared to the category average of 16.38%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsThe fund has a 5-year beta of 1.16, so investors should note that it is hypothetically more volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. Over the past 5 years, the fund has a positive alpha of 9.71. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.ExpensesAs competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, FCGSX is a no load fund. It has an expense ratio of 1.12% compared to the category average of 1.02%. So, FCGSX is actually more expensive than its peers from a cost perspective.While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.Bottom LineOverall, Fidelity Series Growth Company ( FCGSX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and higher fees, Fidelity Series Growth Company ( FCGSX ) looks like a good potential choice for investors right now.For additional information on the Large Cap Growth area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into FCGSX too for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FCGSX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research