The best replacement for index fund is mutual fund.

The best alternatives to index fund are rated as following:
★★★★★  mutual fund
★★★★  etf
★  exchange traded fund
★  managed fund
★  active fund
★  equity fund
★  savings account
★  money market
★  index etf
★  hedge fund
★  dividend fund
  actively managed fund
  active managed fund
  managed funds
  target retirement fund
  etf vanguard
  eft
  target retirement
  individual stock
  commodity equity fund
  fund
  mutual

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