Advice on 401k Investments options

📈 Investing & Markets
#1

Salam guys,

I have recently started job and my company offers limited 401k match through Sentry Insurance, who unfortunately do not have the option of Self directed accounts. They do offer a couple of equity funds option:

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I am inclined towards the highlighted fund i.e., Vanguard Growth Index Fund - Adm Shrs (has a lot of shariah compliant shares).

But let me know if you guys know of any of these funds that are more shariah compliant (and are better in returns :wink:).

Of course, I would have to cleanse the earnings of whatever percentage is not compliant.

Look forward hearing back from at least some of you.

Thank you - JazakAllah

Mohammad Imad

#2

According to Zoya’s fund screener, the Vanguard Growth Index Fund (VIGAX) and the T. Rowe Price Blue Chip Growth Fund (TRBCX) appear to have the lowest exposure to non-compliant holdings. However, the former is far more cheaper with an expense ratio of just 0.05% compared to 0.68% for the T. Rowe Price fund.

#3

@saad Any value index fund in Zoya screener with less than 10% non-compliant constituents?

#4

Thanks Saad. Appreciate you taking out the time to respond.

Regards,
Mohammad Imad