The Fidelity Magellan Fund is a mutual fund that primarily invests in a diversified portfolio of stocks. It aims to achieve long-term capital growth by selecting companies with strong growth potential. The fund is managed by Fidelity Investments, a well-known financial services company. Founded in 1963, the Fidelity Magellan Fund gained popularity for its impressive performance, especially during the 1980s under the management of Peter Lynch. Investors can buy shares in the fund, which allows them to participate in the stock market without needing to pick individual stocks themselves.