These funds typically have lower risk, lower volatility, and less capital gains than other equity funds and can be combined with a number
of other types of mutual funds to tweak the investment objective and adjust the risks and returns.
Provided informational support from incoming phone calls from brokers or shareholders requesting redemptions, transfers, or reinvestments of dividends on IRA's or
other types of mutual fund accounts.
Unlike other types of mutual funds, they are completely liquid, and investors can draw cash out of them at any time in the same manner as they can with any other type of demand deposit bank account using checks or debit cards.
You buy trade mutual funds in units, just like in
other types of mutual funds.
Other types of mutual funds either never change their stock / bond ratio or only do so according to market conditions.
Since index funds are passively managed, they typically charge lower fees than
other types of mutual funds.