2 top ASX growth shares to buy at great prices

I think that these top 2 ASX growth shares are at great prices and worth buying including Australian Ethical Investment Limited (ASX:AEF).

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The S&P/ASX 200 Index (ASX: XJO) is down another 6% today after last week's rollercoaster.

The opportunities are getting better and better each as investors fear what's going to happen next. The thing is that most businesses will survive during this period, just like they did during the GFC, even if they get roughed up a bit.

Interest rates have been pushed to their lowest ever levels in Australia. When the fear subsides it's clear that shares will be the only asset that makes sense to buy.

What growth shares are the best ones to look at? Well, travel businesses could be a great buy for brave investors. But for people wanting a bit of a calmer ride, these two top growth shares could be excellent ideas:

Australian Ethical Investment Limited (ASX: AEF

The ethical fund manager has seen its share price fall 43% since 19 February 2020. Before the coronavirus hit the fund manager was seeing a rapid rise of its funds under management (FUM) each quarter, particularly the latest quarter because of the bushfires.

Once this has passed I think Australian Ethical could be a strong performer again as it attracts more people to change their superannuation fund and the superannuation contributions causes more growth of FUM over time.

It also has a fast-growing dividend which means it could turn into a good dividend share in time. Plus, it has a growing cash balance on its balance sheet, making it quite safe.

Altium Limited (ASX: ALU

The Altium share price has been another to fall significantly since February. It's down 24% since 21 February 2020 and down 38.5% in a month.

The electronic software business has been a strong performer over the long-term and it continues to be set up well for further growth with many of the world's leading businesses as clients such as Tesla, Google, Amazon, Disney, John Deere and so on.

It has no debt and a growing cash balance. Altium has been effective at making bolt-on acquisitions in the past and this could be another opportunity for the company to strengthen its position in the market.

Whilst some of the world is currently in lockdown, it's great that Altium is a software product that people can keep using. The launch of Altium 365 could be perfectly timed.

It's still aiming to reach 100,000 Altium Designer subscribers and revenue of US$500 million by 2025. With growing profit margins and growing dividends, I think Altium looks like an excellent long-term buy at this price with how low interest rates are.

It's now trading at 32x FY22's estimated earnings with a dividend yield of 1.5%.

Foolish takeaway

Both businesses are now a lot cheaper but still have excellent long-term growth potential, a good balance sheet and a growing dividend. I'd probably prefer Altium for now of the two, as I think it will be affected less, but I'd be happy to buy both for a long-term hold.

Tristan Harrison owns shares of Altium and Australian Ethical Investment Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Australian Ethical Investment Ltd. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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