10 Best Low-Risk Index Funds to Buy Now

6. Fidelity ZERO Total Market Index Fund (MUTF:FZROX)

Expense Ratio: 0.00%

5-Year annualized Return as of July 29: 15.89%

Fidelity ZERO Total Market Index Fund (MUTF:FZROX) is one of the best low-risk index funds to buy now. It is an index fund tailored to investors eyeing exposure to the broad US equity markets. The fund invests at least 80% of its assets in common stocks included in the Fidelity U.S. Total Investable Market Index.

Being a float-adjusted market capitalization-weighted index, the Fidelity ZERO Total Market Index Fund reflects the performance of large, mid, and small capitalization stocks in the U.S. equity markets.

Fidelity ZERO Total Market Index Fund (MUTF:FZROX) has a big inclination towards technology stocks, which account for 31.40% of the portfolio, followed by Financial Services at 14.11% and Consumer cyclical at 10.89%.  The diversified nature has been the catalyst behind the fund generating a 5-year average annualized return of 15.89%.  Additionally, it boasts of a low expense ratio of 0.00%.