SEBI has approved two index funds Axis BSE India Sector Leader Index Fund and Nifty Capital Markets Index Fund giving investors more passive options as thematic exposure gains traction. Both funds align with increasing interest in diversified, rule based portfolios and aim to broaden retail participation. 

SEBI has approved the launch of two new index funds the Axis BSE India Sector Leader Index Fund and the Nifty Capital Markets Index Fund expanding options for passive investors. The approvals come amid rising SIP inflows and growing retail preference for low-cost index products. Fund houses expect strong early traction as market participation broadens and category diversification gains momentum ahead of the December policy environment.