You may not find anyone who's a bigger proponent of passive index investing than me. I'm a huge proponent of paying as little in fees as absolutely possible, which usually rules out most actively-managed mutual funds. That and the fact that many actively-managed funds are unable to beat their chosen index over time.
But Fidelity Magellan (MUTF:FMAGX) isn't your typical actively-managed mutual fund, and its history is about as storied as any you'll find in the industry, and if you haven't been paying attention, you might have missed the fact that Magellan is staging a bit of a renaissance. Jeff Feingold took over the reins of the fund in late 2011, and so far, the results have actually been pretty good.
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