10 Best Low-Risk Index Funds to Buy Now

5. Fidelity ZERO Large Cap Index Fund (MUTF:FNILX)

Expense Ratio: 0.00%

5-Year annualized Return as of July 29: 16.30%

Fidelity ZERO Large Cap Index Fund (MUTF:FNILX) is one of the best low-risk index funds to buy now. The index fund tracks the Fidelity US Large Cap Index. Therefore, it is an ideal index fund for investors seeking exposure to large-cap US companies.

 The float-adjusted market capitalization-weighted index fund invests at least 80% of its assets in US large capitalization stocks to reflect their performance.  The Fidelity ZERO Large Cap Index Fund is designed for investors seeking broad exposure in the markets.

Technology stocks account for 33.19% of the portfolio followed by Financial Services at 13.87% and Consumer Cyclical at 10.66%. Fidelity ZERO Large Cap Index Fund (MUTF:FNILX) also stands out as a low-risk index fund as it comes with a 0.00% expense ratio. Additionally, it has generated a 16.03% annualized return over the past 5 years.