Top 9 Index Funds for 2024: Low-Cost Options for Beginners

Index funds are becoming increasingly popular among beginner investors due to their low cost and diversified exposure. FNILX and QQQM are often described as some of the best index funds for beginners. But are they the cheapest options available? Long-term investors should consider making these Fidelity mutual funds the core of their portfolio for stable growth. S&P 500 index funds are an excellent way to get diversified exposure to the heart of the U.S. stock market.

If you are looking for low-cost index funds to invest in, consider mutual funds and ETFs that have earned Morningstar's top rating for 2024. Our picks for the nine best index funds for this year can help you accomplish a variety of investment goals. Plus, they have low expense ratios and low minimum investments.

Index funds are mutual funds that buy a set of securities and are passive investments. By adding index funds to your portfolio, you can diversify your investments and reduce risk. The Vanguard Value ETF seeks to track the performance of the CRSP US Large Cap Value Index, which measures the returns of large-cap value stocks. Mutual Funds like the Nifty Pharma Index reflect the performance of India's pharmaceutical sector, showcasing robust growth.

Vanguard index funds kicked off the passive-investing revolution, in which investors try to meet rather than beat market moves for long-term growth. These index funds have consistently outperformed actively managed funds over the years. As the popularity of index funds continues to grow, more options are becoming available to investors looking to build a diversified portfolio.

In 2024, investors have access to a wide range of index funds that cater to different investment strategies and risk appetites. Whether you are a beginner looking to start investing or a seasoned investor looking to diversify your portfolio, there are index fund options that can meet your needs. Consider factors such as expense ratios, performance history, and investment goals when choosing the best index funds for your portfolio.

Overall, index funds provide a cost-effective and efficient way to invest in a diversified portfolio of securities. With low expense ratios and strong performance track records, index funds are a popular choice for investors looking to achieve long-term growth. As you explore the best index funds for 2024, consider your investment goals and risk tolerance to make informed decisions about your portfolio.