Growth funds vs. blend funds
Growth funds are funds made up exclusively of growth stocks, giving them enormous potential. There's also a great deal of risk with growth funds since there's nothing to really balance them out, which explains why a lot of people generally steer clear of growth stocks and growth funds.
However, if you're interested in growth funds but want to temper the risk some, blend funds can help you do that. Instead of being all growth stocks, blend funds balance growth stocks with value stocks, which can help to keep your portfolio more balanced. Both carry different types of risk, but having your money spread across many different kinds of companies can also help protect it against loss.