Index funds are best for all the types of investor either he/she is beginner, earning or about to retire. The one who wants to invest in these schemes should use the index fund calculator, so they can calculate the investment value by calculating fund returns according to your investment horizon. You will also know what amount you need to invest and duration of investment to reach the goal and which mode of investment you should select, i.e., SIP or lumpsum.
Index mutual fund schemes are recommended to the investors with an investment horizon of 7 years or more. It is because these funds experience fluctuations in the short-term but offer higher returns in the long run.