Fidelity Investments is considered as one of the leaders in the financial services industry with presence in eight countries of North America, Europe, Asia and Australia, and more than 400 research professionals. The company carries out operations in the United States through 10 regional offices and over 180 Investor Centers. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearance and life insurance products to its clients. It serves more than 24 million individual investors.

Fidelity had total assets of $6 trillion, with around $2 trillion under management as of Jun 30, 2017. The company manages over 500 mutual funds across a wide range of categories, including both domestic as well as foreign funds, and equity and fixed income funds.

Below we share with you three top-ranked Fidelity mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Fidelity funds, their Zacks Rank and past performance.

Fidelity International Capital Appreciation Fund (FIVFX - Free Report) invests its assets heavily in securities of foreign issuers, primarily those from the emerging economies. FIVFX seeks to invest in common stocks and aims at maximizing long-term growth of capital by allocating investments across different nations and regions of the world. Fidelity International Capital Appreciation Fund has returned 11.3% in the last three-year period.

Sammy Simnegar has been the fund manager of FIVFX since 2008.

Fidelity Select Software & IT Services Portfolio (FSCSX - Free Report) invests a major portion of its assets in companies whose primary operations are related to software or information-based services. FSCSX primarily focuses on acquiring common stocks of both domestic and foreign companies. The fund uses fundamental analysis to select companies for investment purposes. The Fidelity Select Software & IT Services Portfolio has three-year annualized returns of 19.6%.

As of November 2017, FSCSX held 61 issues with almost 14.32% of its assets invested in Microsoft Corp.

Fidelity Equity-Income Fund (FEQIX - Free Report) seeks reasonable income and capital appreciation. FEQIX normally invests at least 80% of its assets in equity securities. The fund also spends on income-producing securities that lead to investments in large capital, value stocks. Moreover, it invests in domestic and foreign issuers. Fidelity Equity-Income Fund has three-year annualized returns of 8.9%.

FEQIX has an expense ratio of 0.62% compared with the category average of 1.03%.