“For the hope which is laid up for you in heaven, whereof ye heard before in the word of the truth of the gospel; Which is come unto you, as it is in all the world; and bringeth forth fruit, as it doth also in you, since the day ye heard of it, and knew the grace of God in truth:”
Colossians 1:5-6
The Lord wants His children to have significant measures of spiritual fruit developing in their lives. “Herein is my Father glorified, that ye bear much fruit” (John 15:8). Fruit is described in the Scriptures in various ways 
- It includes godly character qualities. “But the fruit of the Spirit is love, joy, peace, longsuffering, gentleness, goodness, faith,” (Galatians 5:22).
- Worship offered to God. “By him therefore let us offer the sacrifice of praise to God continually, that is, the fruit of our lips giving thanks to his name” (Hebrews 13:15).
- Encompasses lives being touched by our ministry to them. “Now I would not have you ignorant, brethren, that oftentimes I purposed to come unto you, (but was let hitherto,) that I might have some fruit among you also, even as among other Gentiles” (Romans 1:13).
Such spiritual fruit is a consequence of God’s grace at work in and through us. Colossians 1:5-6 addresses this fact. “For the hope which is laid up for you in heaven, whereof ye heard before in the word of the truth of the gospel; Which is come unto you, as it is in all the world; and bringeth forth fruit, as it doth also in you”. The good news of Jesus Christ not only brings forgiveness of sin and the gift of eternal life, it also produces fruit in those who believe. All of this is grace operating in trusting hearts: “Since the day ye heard of it, and knew the grace of God in truth.”
Romans 7:4 describes this same glorious process, using different terms. “Wherefore, my brethren, ye also are become dead to the law by the body of Christ; that ye should be married to another, even to him who is raised from the dead, that we should bring forth fruit unto God.” In order to bear fruit unto the Lord, we had to first be released from our dead relationship to the law 
We could not perform effectively under that demanding standard. Thus, our lives were spiritually fruitless before God. Next, we needed to be joined in a new, living relationship with the risen Christ, that we might partake of His grace resources for living. We have experienced both through faith in the Lord Jesus. Now, the risen Christ works by His grace in and through our lives, as we humbly depend upon Him 
Yes, the grace of God is His designated dynamic for producing spiritual fruit in our everyday lives.
Lord God of my salvation, thank You for the glorious message of the gospel 
What good news it is to have forgiveness, eternal life, and daily transformation through Your grace. I embrace Your will that I bear much fruit. Lord Jesus, I rejoice that You have taken me out from under the law. I now look to You, the risen Lord, to bring forth spiritual fruit in and through my life, in Your exalted name, Amen 
Source: http://www.blueletterbible.org
